The Russian government is now openly backing Surgut Neftegaz's surreptitious acquisition of a large stake in the Hungarian MOL oil and gas company. The acquisition is legally contested in Hungary. The Russian government's political intrusion nullifies Surgut's thesis that the acquisition was a regular, free-market... MORE

On June 22 Ukrainian Naval Headquarters confirmed unofficially that the country's political deadlock has doomed the multinational military exercise Sea Breeze-2009. According to the Ukrainian headquarters sources, the U.S. Armed Forces European Command (EUCOM) and the U.S. Sixth Fleet notified Ukraine's defense ministry on June... MORE

On June 20 Prime Minister Recep Tayyip Erdogan cancelled a planned trip to Athens. Although his health condition was offered as the reason for the last-minute cancellation, it did not prevent speculation that Erdogan sought to use the pretext of his health concern to protest... MORE

Exercising his interim powers under the constitution, Moldova's outgoing president Vladimir Voronin has dissolved the parliament that was elected on April 5 and has called new parliamentary elections for July 29. Voronin's decree, issued on June 15, had become unavoidable after the opposition twice boycotted... MORE

Ukrainian Prime Minister Yulia Tymoshenko announced on June 10 that three banks will be bailed out. The state will take over stakes ranging from 84-98 percent in the mid-size banks Rodovid, Ukrgazbank and Kyiv. The government does not plan to keep the banks permanently. They... MORE

The ongoing battle over the construction of the Russian-German Nord Stream gas pipeline is reaching a critical stage. In June the German ministry of defense once again voiced its opposition to the proposed route of the pipeline, and presented their arguments to the German parliament's... MORE

The oldest opposition party in independent Belarus, the Popular Front, appears to be on the verge of yet another split within its ranks, one that according to its leader Lyavon Barcheuski, might result in its extinction. On June 20, the Popular Front will hold a... MORE

Belarus refused to attend the Collective Security Treaty Organization (CSTO) summit in Moscow on June 14. The summit made decisions to enlarge the size of collective rapid deployment forces, the scope of their missions, and the legal basis of their operations.President Alyaksandr Lukashenka cancelled the... MORE

The E.U. has set December 2009 as the deadline for Turkey to open its ports and airports to Greek Cypriots, and failure to comply might result in the suspension of talks on membership. Resolving the Cyprus issue is a critical part of the conditions set... MORE

According to an interview with Ukraine's Ambassador to Russia Konstantyn Hryshchenko, the country's bilateral relationship with Russia has sunk to its lowest level since the disintegration of the Soviet Union, testimony to the Russian state control of the media and its ideological crusade against Ukraine... MORE