Latest Articles about Foreign Policy

Gazprom-Austrian OMV Agreement: A Political Blow To Nabucco

After selling a large block of shares in Hungarian MOL to the Kremlin-connected Surgutneftegaz, Austrian OMV CEO Wolfgang Ruttenstorfer’s final gift to European energy security is an agreement with Gazprom that interferes with the EU-backed Nabucco project. On February 21 in Moscow, Gazprom CEO Aleksei... MORE

Turkish-Iranian Economic Ties Flourish

Turkish President, Abdullah Gul, paid a four-day state visit to Iran starting on February 13, to discuss ways to further bilateral cooperation. The sheer frequency of such high level mutual visits between the two countries in recent years indicates the growing multi-dimensional ties between Ankara... MORE

Russia Mothballs Trans-Balkan Oil Pipeline Project

On February 17, the stakeholders and supervisory board of the Russian-led Burgas-Alexandropolis oil pipeline project shelved the project in all but name. The host countries, Bulgaria and Greece, had (each for its own considerations) recently suspended payments to the project company. The meeting decided to... MORE

South Stream CEO Makes The Case For The Project

Launched in 2007, Gazprom’s South Stream project ran out of potential gas resources by 2009 (thanks primarily to Turkmenistan’s reorientation), and out of potential financing at the same time (due to Gazprom’s declining net profits in Europe). Since 2010, Gazprom’s Italian partner ENI seeks a... MORE

The Curious Incident of the Stealth Fighter in China

China’s January 2011 announcement of its new J-20 stealth fighter caused consternation in the US. Indeed, the subsequent blizzard of press controversy led the Pentagon to admit that its intelligence had underestimated China’s progress and capability in building an air force. Lost in all this... MORE

Turkish-Armenian Accords Pronounced Dead By Yerevan

Armenia has announced the effective demise of its Western-backed rapprochement with Turkey, which could see relations between the two historical enemies sink to a new low. Yerevan has accused Ankara of “ruining” the normalization agreements signed by the two governments in October 2009 and threatened... MORE