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Hungary, Greece, Cyprus to Restart Food Trade with Russia despite Sanctions

EDITOR'S CHOICE | 20.04.2015


 

Events in Greece Could Follow the Cypriot or Argentine Scenario

...With the debt and financial situation the way it is, Brussels (EU), Frankfurt (ECB) and Washington (IMF) can hardly risk making drastic decisions regarding Greek debt. After all, the response could be a declaration of default on the Greek government’s obligations, which total around €320 billion. It would be more than enough to cause a chain reaction involving the bankruptcies of European banks and companies which, in turn, could bring on government defaults and the collapse of the house of cards known as the European Union...

Valentin KATASONOV | 26.03.2015


 

Cyprus and Russia: «Work Together and In Focused Fashion»

...The issue of Ukraine and the sanctions war against Russia initiated by the United States make surface new trends to diversify the European political landscape. This is the background against which Nicos Anastasiades, the President of Cyprus, visited Russia on February 24-27... President Anastasiades emphasized that he opposed the idea of sanctions war with Russia. It’s not just a declaration; this point of view is supported by Hungary, the Czech Republic and Slovakia. Together they constitute a force to reckon with which exerts certain influence on European politics bringing closer the day when such anomaly as anti-Russian economic sanctions will become a thing of the past...

Arkady DZIUBA | 03.03.2015


 

Cypriot President Comes to Moscow: Russia’s Growing Presence in Mediterranean

On February 25, Russia and Cyprus signed an agreement on military-technical cooperation during the Cypriot President Nicos Anastasiades’ official visit to Russia. In particular, it envisages the use of airports and seaports of the Republic by Russian warplanes and warships in humanitarian operations and emergencies, as well as anti-terrorist operations...

Andrei AKULOV | 26.02.2015


 

Will Israel’s Gas Hopes Come True?

The 2nd leaders' summit of the Gas Exporting Countries Forum (GECF) has taken place in Moscow. Experts say there is a candidate to enter the elite club of 13 members once the rich East Mediterranean deposits start to be developed. The vast sea bottom natural gas fields were discovered a few years ago. Israel is the leader in the development; it starts its activities without waiting for neither ultimate resolution of legal issues, nor settling the emerging disputes with neighbors...  The Eastern Mediterranean «gas pie» is disputed by Cyprus, Lebanon, Syria, Egypt and Turkey, as well as Palestine striving for independence... 

Dmitry MININ | 04.07.2013


 

Discord Mounting in the European Union (II)

Right on time for the conflicts in the European Union at the center of which Germany has found itself comes an IMF report unprecedented in its self-criticism. This report acknowledges the organization's serious mistakes in developing and implementing the anti-crisis program for Greece. In particular, the report documents the unforeseen consequences for the economy of reducing state expenditures when the recession was already underway, excess optimism in assessing the chances of returning the country to the debt market, and delays in restructuring the state debt using private creditors...

Pyotr ISKENDEROV | 24.06.2013


 

Bank Deposits Confiscation: Global Outlook

In March 2013 the events in Cyprus shock the world to hit the radar screen of world media. The bank deposits were confiscated. Some tried to make it look as an emergency measure, an exclusion from the rules that define banking activities and the functioning of market economy. But there is a solid ground to believe the confiscations are to become a routine feature of everyday life... Europe is leaving others behind on the way to introducing the haircuts of deposits. Or the European Union, to be exact. The first step was made on April 24...

Valentin KATASONOV | 11.06.2013


 

EU: «Deposits Trimming» and Geopolitical Model

The European Union has launched a legal procedure to create a foundation for actions aimed at «cutting extra weight» from large deposits in the banks of the Union’s members... For the first time in the Eurozone history the investors are divided into the «reliable» and «risky» groups, and the last ones will have to face confiscations. The cutting away from deposits will be applied only to the troubled banks. As the experience of Greece, Cyprus, and even Spain and Italy shows, no banks are protected from trouble...

Pyotr ISKENDEROV | 01.05.2013


 

Mediterranean: Winds of Change (II)

After a long period, Moscow has returned to the Mediterranean as a sea power. In 2011 it conducted a naval exercise exceeding in scope any training activity since the days of the Soviet Union. The last large-scale drill took place in January 2013 and involved over 20 combat surface ships and submarines from three operational fleets... On February 26 a subsidiary of Russian energy giant Gazprom signed a 20-year deal with Levant LNG Marketing Corp. to exclusively purchase liquefied natural gas (LNG) from Israel’s Tamar offshore gas field in the Mediterranean. Gazprom wants to build up its LNG trading business to diversify away from traditional European customers receiving natural gas via pipelines...

Andrei AKULOV | 21.04.2013


 

Mediterranean: Winds of Change (I)

...The recent discoveries of enormous oil and gas reserves in the little-explored Mediterranean Sea between Greece, Turkey, Cyprus, Israel, Syria and Lebanon suggest that the region could become literally a «new Persian Gulf». But there is a reverse side of the medal. New battles over rights to resources in the Levant Basin and Aegean Sea could spark tensions and military conflicts. Turkey insists the gas must be shared, it has sent ships to back its stance. Syria and Lebanon have their own claims. Palestine, Egypt, Lebanon and Syria are also advancing claims to the "Aphrodite" gas field off Cyprus...

Andrei AKULOV | 20.04.2013




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OUR COLUMNIST
    Vladislav GULEVICH

Ukrainian Nationalism Threatens Poland

Vasyl Pavlyuk, the Consulate General of Ukraine in Lublin, met the students of Maria Curie - Sklodowska Lublin University. Unexpectedly he was given a hard time. First, All-Polish Youth (Polish Młodzież Wszechpolska), a nationalistic Polish Youth Organization, held a conference near the University building. They said that meeting with Vasyl Pavlyuk was the same thing as meeting the supporters of Hitler, Himmler and other Nazi criminals. Then the protesters moved inside the University to see the Ukrainian Consulate General and raise the posters «Murderers! Shame! No Glory!»...

24.05.2015
 
 
 
 
 
 
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