Replying to the Russian President letter warning of a threat to gas transit through Ukraine, the EU said Gazprom should follow its contractual obligations, urging an early warning of any possible disruptions.
Asian business is keen to snatch development opportunities in Russia as economic ties with the West are weighed down by the Ukraine crisis, the Deputy Chairman and the Board member of Russia’s Vnesheconombank Aleksandr Ivanov, told RT.
Opportunities for the West to hurt the Russian economy are limited, President Vladimir Putin said Thursday. Europe cannot stop buying Russian gas without inflicting pain on itself, and if the US tries to lower oil prices, the dollar will suffer.
Gazprom will switch to a pre-payment system in one month if Ukraine doesn’t start paying for natural gas imports from Russia, President Vladimir Putin has warned during Thursday's 12th annual question and answer session.
The discovery of large hydrocarbon deposits in the Arctic has sparked international competition over resources in frozen waters. Regional powers are quickly filing claims for the sea shelf, with Russia preparing to bring in the biggest bid to the UN.
The underwater telecommunication cables between the Crimean peninsula and Russia bypassing Ukraine are almost ready for use. The multi-million dollar project will provide for safer communication as tension between Russia and Ukraine intensifies.
Lawmakers in Ukraine have started preparing a lawsuit against Gazprom, as they think the price of Russian gas is exorbitant and politically motivated, Ukraine’s coup – appointed Energy Minister Yuri Prodan has said.
President Putin has written to 18 European countries, warning that Ukraine’s debt crisis has reached a “critical” level and could threaten transit to Europe. He also called for urgent cooperation, blaming Russia’s partners for a lack of action.
Western banks in the US and EU still want to do business with Russia’s second biggest bank, VTB, but tension over Ukraine is stonewalling those eager to work with the bank, according its head, Andrey Kostin.