Russia says Ukraine’s failure to pay its growing gas debt may impact gas delivery to European countries. Russia’s Energy Minister Alexander Novak said on Saturday that Moscow may be forced to cut off natural gas supplies to Europe over Ukraine’s mounting unpaid gas debt. According to Novak, Ukraine currently owes Russia over USD 2.230 billion in unpaid gas bills and the debt is to rise, as the... 

Russian-controlled natural gas giant Gazprom has threatened to disrupt gas supplies to Europe following warnings by John Kerry and others that harsh economic sanctions could be imposed on Moscow, as the Ukraine crisis threatens to spiral into a trade war. “Simmering political tensions in Ukraine, that are aggravated by inadequate economic conditions, may cause disruptions of gas supplies to Europe,”... 

Polish MEP Jacek Saryusz-Wolski believes that the Cold War is ongoing between Russia and the EU that can take a long time. Both European officials and the Russian leadership have already stated that economic integration with the EU and membership in the Customs Union are incompatible. Ukraine and Moldova have about one month left for consideration. Armenia has already “surrendered,” according... 

Germany is looking for ways to fund its major geopolitical projects. Taking money from the German citizens is dangerous as it may not be appreciated. German authorities set their sights on Russia. The Germans will take money from Russia without even asking for permission. Recently the Russian-German relations have not been the greatest. Of course, they are not at the level of the Russian-American... 

The US seeks to lift limitations on its LNG deliveries to Europe and strengthen competition in European energy markets. It’s to break the EU’s dependence on Russian gas, as “the Russians overplayed their hand”, says US Senator Richard G. Lugar. “In the past, Moscow showed itself quick to use energy as a club to punish and coerce its neighbors — but the Russians overplayed their hand,”... 

Russia must agree to European Union requirements for an open natural gas market, the EU Energy Commissioner said, specifying that this implies that the price for imported Russian gas should be identical across the European Union. “Our Russian partner understands our rules but doesn’t accept them,” Guenther Oettinger said at an energy conference in Lithuania. “It can’t... 

A court in Kiev has sentenced Ukraine’s ex-prime minister, Yulia Tymoshenko, to seven years in prison for an abuse of her office. Her supporters and opponents have taken to the streets, raising fears that violence could break out. Immediately after the verdict was pronounced, Yulia Tymoshenko condemned the decision. “I do not agree with the verdict,” said Tymoshenko. “No authoritarian... 

U.S. diplomats scored a silent victory last month when the Italian oil company Eni and Russian energy giant Gazprom postponed a deal to share a large claim to Libyan oil. The State Department can’t take credit, however, as the two companies based their decision to shelve the arrangement was based on the violence in the region. But it’s all part of a bigger plan to keep access to oil out... 

“President” of Belarus Alexander Lukashenko Arguments by the Belarusian ruler are surprising as usual: how can we owe to Russia, if we fought together in 1941? Alyaksandr Lukashenka called today to show the Russian leadership a Belarusian-Russian film about the Brest Fortress to remind about the unity of the two peoples, Interfax news agency reports. “The film has made a storm of impressions... 

Serbian and Russian delegations, led by their heads of state, Boris Tadic and Dmitry Medvedev, signed six agreements on bilateral cooperation at 1pm. The agreements cover the fields of culture, science and technology, security, education, air travel and parliamentary cooperation. The pacts are as follows: – An agreement on the establishment of a gas storage firm, Banatski Dvor, as a joint venture...