Deputy Prime Minister Igor Sechin has called for greater cooperation between Russia and Opec, which would increase Opec’s market power. Opec will make a “symbolic” reduction in oil output because it views the market as oversupplied. TNK-BP intends...
The exodus of an estimated $20 billion worth of foreign capital is forcing Russian banks to cut down on lending. “Russia is open for business,” says the Kremlin’s Chief Economic Aide. There may be worries about the EU’s energy dependence on ...
TODAY: EU backs away from promising Ukraine EU membership as speculation increases that it is next on Russia’s list. Russia moves to prevent US from re-arming Georgia; doubles troop numbers in breakaway regions. Lavrov’s four-letter-words. Oleg Mi...
I’ve long argued that Paolo Scaroni of ENI and Fulvio Conti of Enel were both in the Kremlin’s pocket ever since agreeing to be the first foreign companies to buy stolen Yukos assets in an auction, then subsequently help Gazprom launde...
Reuters reports Gazprom warned Canada that Russia could easily find an alternative market for its liquefied natural gas (LNG) if the Canadian authorities try to hinder a deal over the Rabaska LNG project. Canadian Prime Minister Stephen Harper sai...
It is interesting how the Russian press is portraying the Sarkozy approach as “conciliatory” (a face saving opportunity?) yet others report that he nearly had to storm out of the meetings with the Russians out of frustration.
It is interesting how previous and current agreements on nuclear assets between Russia and the United States plays very strongly into the level of protection for sovereignty of former USSR states. Jane Armstrong, for example, writes on her blog th...
Yesterday Bob blogged about disaggregating Russia by focusing on high ranking stakeholders in the Kremlin rather than broad sanctions which would punish average citizens. Today, Gideon Rachman (who back in April predicted the war) mentions the vis...
There’s some interesting views here on the Russian invasion of Georgia and the attempt to parlay these events into increased leverage in the Middle East. From Lebanon’s Daily Star: Russia has not only been threatening, blackmailing and...
Gazprom insists that its gas monopoly is “mutually dependent” with Europe. Russia reportedly offered to cut out the middlemen and directly deliver oil to the Czech Republic. Atomstroiexport, the company building Iran’s first nuclear plant, s...
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