EU threatens cut-off, talks with Russia continue
CYPRUS’S finance minister pleaded with Russia for help on Wednesday to avert a financial meltdown after the island's parliament rejected the terms of a European bailout, raising the spectre of a looming default and bank crash.
Ukraine Looks to Turkmenistan to Solve Its Energy Security Challenges
On February 12, Ukrainian President Victor Yanukovych paid a three-day visit to gas-rich Turkmenistan to sign a memorandum of understanding on energy cooperation and reiterate Kyiv’s interest in resuming direct imports of the Central Asian country’s natural gas, which were suspended in 2006 (Interfax-Ukraine, February 14).
The quiet global energy revolution
In all the noise of tomorrow’s Budget, many may not spot a small tweak to the fiscal regime for UK oil and gas. Those of us with a close interest in unconventional oil and gas, however, will be watching closely. Last year the Chancellor announced a consultation on a specific tax regime for onshore shale gas development, the results of which are expected on Wednesday.
Ukraine negotiating observer status in Customs Union
Ukraine intends to obtain observer status in the Customs Union of Russia, Belarus, and Kazakhstan, the country's premier has announced.
Russia condemns 'unfair' Cyprus bank levy
Putin warns proposed levy on bank deposits in Cyprus, a favoured offshore haven for Russian big business, would be dangerous
Kazakhstan Blackmails Russia over Gas Supplies
Kazakhstan could divert its natural gas supplies from the largest deposit in Karachaganak to China if it fails to sign a contract with Russia.
Russia Prepares for War with the US and NATO, While Lacking Resources
Sergei Shoigu, a former long-time emergency situations minister (MChS) and a former Moscow region governor is a well-known and popular figure in Russia—according to recent independent Leveda-Tsentr polls, he is at present more popular than Prime Minister Dmitry Medvedev.
Russia may lose over $50 billion should Cyprus default
Cyprus’ debt crisis puts Russian banks and companies at risk of losing billions of dollars. Russian businesses may reportedly lose over $50 billion should the island's government default on its debt obligations according to Moody's credit rating agency.
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