On May 28, 2014, the European Commission published its recommendations for the establishment of a European Energy Security Strategy. The core of the proposed strategy strongly highlights the need to increase its indigenous energy production based on a technology level-playing field, reduce its dependence upon external suppliers, and encourage diversity in the energy mix in order to meet its energy needs.
Hungary has no plan to further increase the number of soldiers serving in the KFOR mission in Kosovo, Defence Minister Csaba Hende said on Friday.
The explosion of the Ukrainian crisis has suddenly cast doubts on the feasibility of the entire project of the Eurasian Economic Union (EaEU). Russian president Vladimir Putin made it very clear that an EaEU without Ukraine would lack an important symbolic component. It’s not just a matter of symbols, though: with Ukraine, the EaEU loses also a massive market, the second largest (after Russia itself) in what the Kremlin would like to be a competitor of the European Union.
President Komorowski has signed a new National Defence Strategy document in response to “bad, permanent changes to the east of our border.”
The former chairman of BTA Mukhtar Ablyazov, who fled Kazakhstan in 2009, just before the government took over the wounded bank, has one chance left to avoid extradition to Russia and prison.
Exclusive interview with Tevan Poghosyan, Member of the Parliament, National Assembly of Armenia.
Yesterday in Beijing Russia and China have finally signed the long-expected Memorandum of Cooperation on gas supplies along the “western” way – through the Altai gas pipeline. The Head of Gazprom Alexey Miller noted after the signing of the Memorandum that in a mid-term prospect gas supplies in the People’s Republic of China may exceed export to the countries of the European Union. Meanwhile Vedomosti learnt that Gazprom had not agreed on advance payment in the amount of USD 25 bn for another gas pipeline construction – Sila Sibiri (the power of Siberia). It means that the competition between Rosneft and Gazprom for the funds of the National Wealth Fund shall escalate as well as the critical interest of Russia in the opening of western credit markets.
Kazakh President Nursultan Nazarbayev has announced about launching the new economic policy implementation in the country.
As this year's Asia-Pacific Economic Cooperation (APEC) summit is paying particular attention to the energy cooperation given the changing structure of the world energy market, the member countries are considering an increase in liquefied natural gas (LNG) trade in the region.
Ukrainian society is sufficiently well informed about the situation with gas, coal. But the theme options and stocks of nuclear fuel - at the periphery of public attention, although it is well known that the main suppliers for Ukrainian NPPs is Russia. Ukraine annually buys fuel for approximately $ 600 million. The scale in monetary terms, of course, be compared with the gas, which until recently was purchased for the sum of an average of more than $ 12 billion. Per year. But potential problems with nuclear power are no less palpable than gas or coal.
In the near future Poland may get financing from the European Union for the purpose of construction of a new gas pipeline between Poland and Lithuania. Yet the EU authorities are holding required consultations, and provided the decision is positive, Poland shall get three hundred million EURO to accomplish the project.
Stratfor analyst Eugene Chausovsky reflects on the Baltic states' recent announcement of a joint venture company for Rail Baltica and examines the project's regional context and implications.
President Rakhmon should revise country’s foreign policy and economic course in order to preserve stability in Tajikistan. Presence in the area of Russia’s influence bears fundamental risks both for political regime in Tajikistan and general security system of the country.
Over 9 years the countries of the European Union have invested in Kazakhstan $95 billion, this has been announced today at a briefing themed "The implementation of the investment policy as part of industrialization".
Net contribution of immigrants from Poland and other new EU members to Britain amounted to £5 billion, finds a new report by the University of London.