Latest Articles about Europe

Ukraine Closes Road to NATO Membership

On July 1, the Ukrainian parliament voted for a new law on “The Fundamentals of Domestic and Foreign Policy” that dropped the goal of seeking NATO membership. At 8:00 pm on July 1, only 50 deputies from the Stability and Reforms coalition were present and... MORE

Interest Surging in Azerbaijani Gas (Part Two)

International demand for Azeri gas (EDM, July 1) is also rising outside the European Union. It is mostly driven by the anticipation of post-crisis industrial recovery and by considerations of supply security through diversification.Russia’s Gazprom is preparing in its own way for Europe’s post-crisis recovery.... MORE

Ukraine Shows No Hurry to Return Gas to RosUkrEnergo

An international court has obliged Naftohaz Ukrainy, the state-controlled oil and gas behemoth, to pass 12 billion cubic meters (bcm) of gas and $192 million to RosUkrEnergo (RUE), a joint venture of Gazprom and the Ukrainian businessman, Dmytro Firtash. This is a heavy defeat for... MORE

Russia Defends Soviet Occupation of Moldova

On June 24, Moldova’s interim president Mihai Ghimpu issued a decree instituting June 28 as the Day of Remembrance of the Soviet Occupation—an event that occurred on June 28, 1940 in what was then Bessarabia, a part of Romania. The decree does not mention Romania... MORE

Assassination Phobia Spreads in Ukraine

In an interview given last fall by the then-Party of Regions defector Taras Chornovil, the Ukrainian politician pointed to current Ukrainian President Viktor Yanukovych’s fear of assassination, saying, “Yanukovych liked to repeatedly talk about how there were attempts on his life” (Ukrayinska Pravda, November 16,... MORE

Gazprom’s Net Debt Disrupts Belarus-Europe Transit

Interrelated disputes over gas prices and transit fees have turned Gazprom into a net debtor to Belarus. As of mid-June, Gazprom’s net debt to Belarus reached $260 million in unpaid transit fees since November 2009. Gazprom itself acknowledged $228 million from this amount. Also by... MORE

Gazprom Enlists More Western Allies in South Stream

On June 19, at the St. Petersburg Economic Forum, Gazprom announced the appointment of Marcel Kramer as chairman of the board and CEO of South Stream AG, the company designated to build and operate the pipeline in the Black Sea (the overland sections are separate... MORE

Gazprom Again Reconfigures the South Stream Project

Bulgaria’s suspension of the South Stream project on its territory is forcing Gazprom to reconfigure South Stream’s overall geography, with uncertain options and prospects (EDM, June 14, 18, 22). Gazprom is also reconfiguring the project’s technical and economic features. Moscow is enlisting influential allies in... MORE