As a result of sabotage Russia received the opposite result – Georgia reconstructed its energy system and practically stopped being dependent on supplies from the Russian Federation, stated former President of Georgia Mikhail Saakashvili.
Former President of Georgia Mikhail Saakashvili compared the explosion on the gas pipeline in Poltava oblast with the events in Georgia in 2005. He writes about this on his Facebook page. Continue reading →
On June 13, Ukrainian Prime Minister Arseniy Yatsenyuk ordered Naftogaz Ukraine, relevant ministries, and regional state administrations to prepare for a complete suspension of Russian supplies of natural gas as of Monday, June 16. The PM also ordered the National Energy Regulatory Commission (NERC) to establish economically viable rates for the transit of Russian natural gas through Ukrainian territory.
In turn, Gazprom boss Alexei Miller announced that Ukraine would be moved to a system of advance payment for natural gas as of 10:00 a.m. on June 16: “No payment, no deliveries.” In addition, Miller emphasized that this extension was the final one and was made solely at the request of the European Commission, while Kyiv was resorting to “outright blackmail.”
Such is the current state of the latest round of trilateral negotiations among Ukraine, Russia and the EU. Essentially, there has been no progress. Continue reading →
Brussels – The trilateral talks regarding the solution of the Russian-Ukrainian gas conflict, which is carried out with the involvement of the EU, have hit a dead end. Yet another round of talks in Brussels have ended without any results. The Russian offer of the $100 discount was refused by Kyiv. Meanwhile the EU Commission is counting on finding compromise regarding the loan payments and the gas prices for Ukraine before next Monday. Continue reading →
China didn’t have such an urgent need to sign the [gas supply] contract [signed on May 21]; but by signing it the Chinese got, as a bonus, access into those spheres of the Russian economy where previously they were denied such access.Continue reading →
The Central Electoral Committee has counted 100% of the protocols at the early presidential elections. The end result – 9 857 308 people, or 54.7% of all those who have participated in the elections, voted for member of the Parliament Petro Poroshenko. The inauguration – in the case of early elections the law only gives the newly-elected president five days to take the oath, – it appointed for June 7th.
On the eve of the elections Petro Poroshenko took up a number of obligations – taking into account the special status of the early elections, the high level of support of the candidate and the unstable situation in the country, their realisation will be observed especially closely.
Forbes remembered Petro Poroshenko’s main promises and asked experts to analyse how difficult it will be for the new President to keep his word.
Brussels – The EU expects Russia to further remove its army from the border with Ukraine, to begin cooperation with the newly-elected President of Ukraine Petro Poroshenko and to use its influence on the separatists in the eastern regions of Ukraine for the de-escalation of the conflict. This message was put into a statement regarding Ukraine by the heads of states and governments of the European Union, affirmed at the informal summit in Brussels on May 27th. This is the first meeting on the highest level in the EU after the elections to the European Parliament and the presidential elections in Ukraine.
The conflict between Russia and Ukraine is widely linked to geopolitics; defence considerations; and Putin’s fear of a Maidan in Russia. There are more motives which could be playing a considerable role in this conflict: the “Wild West scenario,” about which many Kremlin analysts have written. Continue reading →
The Kremlin may be using its dirty business in Crimea to hide an attempt to save its economy and to maintain its export of energy sources.
Many pundits have forgotten about the global aspect when discussing the economical component of the Russian invasion into Crimea. Yury Shubin focused on this very point.
Certain agreements concerning Iran came into force on January 20th. Iran is promising to reduce its nuclear program, while the West will have abolished sanctions by June 20, 2014 as well as its oil embargo. This would lead to an increase in Persian oil supplies by 1 million barrels per day to the level of 4 million barrels per day by June, which could considerably decrease the price per barrel. That is disadvantageous for Russia, because its budget was made using the price of 90 US dollars per barrel, and a price of lower than 60 US dollars may lead to an economic collapse. It is not so hard to imagine that the uneasy socio-political situation in Russia may become more intense (or even revolutionary). Continue reading →