Tag "Russian energy exports"

Europe’s addiction to Russian gas: How long before withdrawal symptoms set in?

by Leonid Krutakov for Odnako (translated by: Robin)   In mid-January, EU Energy Commissioner Maroš Šefčovič held talks with Gazprom CEO Alexey Miller and Russian Energy Minister Alexander Novak in Moscow. After the talks, Mr. Šefčovič expressed surprise at three circumstances. First, Gazprom has no intention of building the South Stream pipeline. Second, in the future natural gas will be delivered to Europe via Turkey. And, third, Russia is not

Who won? Who lost? You tell me!

I won’t make this one long or analytical.  I am sure that somebody will do that within the next 24 hours.  But I will say this: the Ukrainians blackmailed Russia over gas, and that created North Stream and South Stream.  The Bulgarians decided to cave in to the Eurobureaucrats and that created today’s deal with Turkey.  For 63bcm.  Which happens to be the maximal output of South Stream.  But that

A really important interview of Andrei Kostin, President of VTB Bank

Dear friends,Today I am posting a video of what I think is an extremely important interview of Andrei Kostin, the resident and Chairman of the Management Board of powerful Russian VTB Bank (who basically speaks for Russian banking).  At a recent meeting of Russian banker Kostin made the official proposal for Russia to switch from the US Dollar to the Russian Ruble as payment currency for Russian exports.  This proposal

↓