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EU Energy Crisis: Russia Cuts Off Gas Supplies through Ukraine To Six European Countries

Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations,  according to The Daily Mail,  that its neighbor has been siphoning off and stealing Russian gas. Due to these “transit risks for European consumers in the territory of Ukraine,” Gazprom cut gas exports to Europe by 60%, plunging the continent into an energy crisis “within hours.”

EDITOR'S CHOICE | 15.01.2015


 

Ukraine Dips Into Dwindling Reserves To Pay Gazprom

The money has to come from somewhere. Ukraine will pay Russian natural gas company Gazprom the roughly $4.5 billion it owes in late payments from cash it has piling up in an already dwindling foreign reserve account, the National Bank of Ukraine said on Monday. Ukraine’s economy is once again on crisis footing. Earlier this year, it reached a deal for a $17.01 billion bailout package with the International Monetary Fund. That’s more than the country has in foreign reserves, which stood at just $16.3 billion in September, according to the IMF.

EDITOR'S CHOICE | 04.11.2014


 

Ukraine’s Debt Burden as Europe’s Next Big Headache

On October 30 Russia, Ukraine and the European Commission signed a deal that will see Moscow resume vital supplies of gas to its ex-Soviet neighbor over the winter, as well as the transit to Europe... Will Ukraine carry out its commitments this time? Neither Moscow, nor Brussels could be sure of that. The document is signed by the Ukraine’s government which is to resign soon. Arseniy Yatsenyuk has chances to continue holding the position of Prime Minister. Not once he was responsible for Ukraine derailing the tripartite talks constantly changing its stance and putting forward unacceptable conditions...

Olga SHEDROVA | 04.11.2014


 

Banned from US Banks, the Gazprom Turns To Even Bigger Banks In China

Russian state owned oil company Gazprom is turning to China for foreign sources of capital now that the U.S. and European financial markets are closed to them.  Gazprom said in a press release posted on its website today that it was in talks with the behemoth Industrial and Commercial Bank of China for funding. The statement did not say whether funding would be provided, however.

EDITOR'S CHOICE | 19.10.2014


 

Transatlantic Solidarity: Connivance at Blackmail. Differences between Russia and EU

On October 1, European Commission President Jose Manuel Barroso sent a letter to Russian President Vladimir Putin. Its content showed once more that Brussels still continues to use the language of ultimatums while talking to Russia. The European Union inflicts damage on itself by refusing to see that Ukraine constantly violates its commitments... Balanced Russia-Europe agreements could be a way out of the deadlock. They should address monitoring Ukrainian gas transit, cooperation in development of pipeline network, coordination and mutual understanding on the implementation of the association agreement with Ukraine. Is Europe ready for that? Or the «transatlantic solidarity» would prevail entailing another round of confrontation on the European continent?

Olga SHEDROVA | 06.10.2014


 

Hungary to Increase Russian Gas Supplies

Hungary has reached an agreement with Gasprom on increased gas supply to replenish the reserves of the country during the autumn-winter period, Hungarian Prime Minister Viktor Orban said after the talks with Gazprom CEO Alexey Miller. The country’s gas storage facilities are currently 61% filled. Increasing Russian gas supplies is the only way to improve the situation. The decision should have been taken a long time ago. Some disagree. There are also those who express discontent with the Budapest’s decision to suspend reverse flow supplies to Ukraine...

Pyotr ISKENDEROV | 04.10.2014


 

Ukraine-Imposed Sanctions to Hurt Europe

The Ukraine's parliament has passed legislation that would allow the government to impose sanctions on Russia. It provides for sanctions against 172 individuals and 65 entities in Russia and other countries for supporting and financing «terrorism» in Ukraine. President Poroshenko has not signed it into law as yet, but the transit of Russian gas to Europe through the territory of Ukraine is in jeopardy... It may make the European Union want to get rid of unmanageable transiter and finally approve the construction South Stream going around the Ukraine’s territory. The situation puts into doubt the expediency of the EU Third Energy Package which actually bans Russia from using the existing pipelines while other suppliers have reduced capacity for filling the pipes...

Pyotr ISKENDEROV | 24.08.2014


 

Pushing Ukraine to the Brink

Everything. It reveals the commercial interests that drive US policy. Just as the War in Afghanistan was largely fought to facilitate the transfer of natural gas from Turkmenistan to the Arabian Sea, so too, Washington engineered the bloody coup in Kiev to cut off energy supplies from Russia to Europe to facilitate the US pivot to Asia.

EDITOR'S CHOICE | 11.07.2014


 

Russia Breaks EU Blockade

On June 24 President Vladimir Putin wound up his visit to Austria – the second trip abroad after the situation in Ukraine took a turn for the worse.  He went to Normandy in early June to take part in the 70 th Anniversary of D-Day commemoration. The launching of the «the second front» delivered a powerful blow against the US-led anti-Russian European alliance. The summit in Austria laid a foundation for Russia’s further economic cooperation with Western partners... It’s an open secret that many Western leaders perceive these issues as intertwined... Some circles in Brussels try to play an «anti-Russian» card at the time the European Union is unable to refuse the role of obedient junior partner of the United States.

Pyotr ISKENDEROV | 26.06.2014


 

European «Gas Deadlock» to Meet Interests of US Westinghouse Electric Company

Gasprom has introduced a prepayment system for gas supplies to Ukraine. It has become a result of self-destructive and provocative policy implemented by the West. Instead of making Ukraine find a compromise the United States and the European Union pushed the situation into a dead-lock. It serves the interests of US politicians and businessmen while posing a grave threat to Ukraine and Europe... The US goals are clear. It sees the current conflict as a continuation of a bigger geopolitical game related to the energy transportation routes going through Ukraine and affecting the interests of the whole Eastern and Central Europe...

Pyotr ISKENDEROV | 20.06.2014




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OUR COLUMNIST
    Finian CUNNINGHAM

Merkel as Soft Cop in False Flag Offensive on Russia

At the World Economic Forum last week, German Chancellor Angela Merkel let the cat out of the bag with her sly offer, or rather bribe, to Russia. The German leader told delegates in Davos that European Union sanctions on Russia would be lifted in exchange for a «peace deal» in Ukraine. She promised a «free trade pact from Lisbon to Vladivostok»... Merkel, who is known for her ardent «transatlantic» partnership with America, is thus showing herself to be dutifully doing Washington’s bidding over the Ukraine crisis and the bigger objective of subordinating Russia to Western hegemony, or as the New York Times euphemistically calls it «better relations with the West»...

26.01.2015
 
 
 
 
 
 
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