Russia lobbies EU for special treatment on major pipeline
If South Stream is built, Caspian gas would be bought up by Gazprom and shipped via Russia through the Black Sea pipeline, undermining the rationale of the Southern Corridor. It would also have an impact on Ukraine's economy and politics
Yanukovych Drives Ukraine Toward EU
Ukrainian President Viktor Yanukovych said he wants to pursue European Union membership for the former Soviet republic that is also being wooed by a Russian-led customs union with the lure of lower natural-gas prices.
Libya rebels take diplomatic push to Turkey, Russia
Libya's rebels took their diplomatic offensive to NATO's sole Muslim member Turkey on Monday, a day after the European Union opened a mission in their Benghazi bastion.
Moscow Opposes EU Sanctions on Belarus
Russia, which could buy more than $7 billion worth of Belarussian assets as it helps Minsk tackle a currency crisis, expressed opposition Saturday to tougher European sanctions against Belarussian firms.
Ukraine launches Azerbaijani oil pumping
Ukrtransnafta has launched pumping Azeri Light oil through the Odessa-Brody pipeline in the designed averse direction for the refineries in the West Ukraine, UNIAN reported with reference to the Ukrainian Fuel and Energy Ministry.
Russia delays Belarus rescue loan until June
Russia said Thursday its cash-strapped neighbour Belarus will have to wait at least until next month before it receives a bailout loan to help fill its cash-starved state coffers.
GE Gas Turbines to Provide Power for Sochi, Russia
Abundance of Natural Gas, Favorable Gas Pricing Help Drive Demand for Gas Turbines --Power Producers Seeking Flexible, Efficient Methods to Meet Electricity Demand --GE Gas Turbines Surpass 300 Million Hours of Operation GE (NYSE: GE) today announced it will supply two advanced technology aeroderivative gas turbines that will help to power the 2014 Winter Olympic Games in Sochi, Russia. The latest in a series of gas turbine orders received by GE in recent months, the project underscores a strong global demand for flexible, cost-effective and efficient electricity generation.
Belarus 'Accepts' $3 Billion Loan
Finance Minister Alexei Kudrin said Tuesday that Belarus appeared to have accepted the terms of a $3 billion loan offered by a Russia-led group of former Soviet republics to save the teetering Belarussian economy from a disastrous collapse.
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