Russia may replace Bulgaria with Romania in South Stream project
RIA Novosti reported that Russia gas monopoly Gazprom is likely to replace Bulgaria with Romania in the South Stream pipeline network since Bulgaria halted the other two joint energy projects with Russia.
Russia cuts gas supplies to Belarus over debt
Russia's President Dmitry Medvedev ordered the state-controlled gas monopoly Monday to cut gas supplies to ex-Soviet neighbor Belarus over its debt for Russian natural gas supplies.
Israel asks UN to shelve inquiry
Israel asks the UN to suspend plans for an international inquiry into an Israeli raid on a ship trying to break the Gaza blockade.
Russia invites Indian investment
Russia wants “strong Indian presence” in the energy, pharmaceutical and IT sectors, Prime Minister Vladimir Putin told Commerce and Industry Minister Anand Sharma.
EU-Russia Energy Relations: A Pause or Fast Forward?
At the end of the last EU–Russia Summit in Rostov-on-Don, European Council President Herman Van Rompuy uttered an ambitious statement. Announcing Europe’s readiness to be a partner in Russia’s modernization, he noted “With Russia we don’t need a reset. We want a fast-forward.”
Turkey hardens resolve against Kurdish rebels
Turkish Prime Minister Erdogan has vowed to crush Kurdish rebels after attacks killed 11 Turkish soldiers. Clashes between the two sides have escalated sharply.
Medvedev Sees Risk to Euro
Russian President Dmitry Medvedev expressed doubts about the future of Europe's common currency and said the Gulf of Mexico oil spill could threaten the survival of BP PLC.
Medvedev meets with Slovenian PM
President Dmitry Medvedev met on Friday with Slovenian Prime Minister Borut Pahor to discuss key issues of bilateral relations. The meeting was held on the sidelines of the St. Petersburg Economic Forum
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