Those who believe meaningful economic sanctions against Russia are possible should watch the deal-making activity of the giant state oil company Rosneft OAO.
Rosneft Chief Executive Officer Igor Sechin, one of President Vladimir Putin's closest associates and one of the biggest names onthe U.S. sanctions list, has been busy insulating the company from the effects of any further U.S. actions
As fears of a disruption to Iraqi oil output receded after the stunning initial advance by Sunni militant insurgents lost momentum, the price of oil held steady on July 1.
Fadel Gheit, a senior oil and gas analyst at Oppenheimer in New York, told New Europe in an interview the reason that oil prices did not move up sharply with the Iraq news is because oil prices are inflated already
The West’s instinctive reaction when an international crisis breaks out is to ask two questions: what should we do; and who are the good guys? Yet, when it comes to the disintegration of Iraq, the gloomy truth is that there are no good guys to back, and no decent policy options
Usually, political memoirs should help the author to settle score with history. Hillary Clinton’s just released “Hard Choices,” has a mission to help her make history by becoming the first female president of the United States
Following pressure from Brussels and Washington, Bulgaria has decided to halt construction work on the Gazprom-led South Stream gas pipeline, in which the Russian gas monopoly holds a 50% stake
In America’s coal country – centred in Appalachia and stretches of the Mountain West – Barack Obama has come to represent federal tyranny.
With this week’s announcement of new regulations intended to close eventually many or most of the nation’s 600 coal-burning power plants, those regions are sure to resent him even more
Demands for state reforms and claims that the Ukrainian constitution has been violated are at the heart of the Ukrainian crisis. The OSCE has put forward a national dialogue on Ukraine's future constitution as one of the main ways of resolving the conflict on sovereignty.
Resilience and resistance, not yet reforms, are the key words in Ukraine after the presidential elections on May 25. Resilience, as Petro Poroshenko was elected as president in the first round with a high voter turnout of over 60 percent
President Vladimir Putin is planning an official visit to China in late May. On its sidelines, he may attend the summit of CICA (Conference on Interaction and Confidence Building Measures in Asia), to be held in Shanghai on May 20-21
The Ukrainian crisis has again put German energy policy in the spotlight. As long as Europe’s green energy is expensive and unreliable, it favours Russian gas and leaves the continent’s energy policy unsustainable
After the annexation of Crimea in March 2014, three other regions in eastern Ukraine (Kharkiv, Donetsk, and Luhansk) have demanded a referendum on secession from Ukraine by 11 May. All four regions are crucial to the country’s economic development.
Western suspicions that Russia is following the “Crimea playbook” in eastern Ukraine are way off the mark. To begin with, President Vladimir Putin never considered Crimea to be part of Ukraine
Eyebrows rose last month after a Russian official stated that the fallout over Ukraine between Moscow and the West (that is, Europe and the United States) could have an impact on the nuclear talks with Iran
President Obama has decided to get tough with Russia by imposing sanctions and increasing support for Ukraine’s new government. This is a big mistake. This response is based on the same faulty logic that helped precipitate the crisis. Instead of resolving the dispute, it will lead to more trouble
This week’s meeting of the European Council in Brussels will be a significant test of the EU’s relevance and unity in dealing with the consequences of what is happening in Ukraine. Over the years as indigenous production, especially of gas, has declined Europe has allowed itself to become more and more dependent on Russian supplies
The Ukrainian crisis has again put German energy policy in the spotlight. As long as Europe’s green energy is expensive and unreliable, it favours Russian gas and leaves the continent’s energy policy unsustainable
Public discussion on Ukraine is all about confrontation. But do we know where we are going? In my life, I have seen four wars begun with great enthusiasm and public support, all of which we did not know how to end and from three of which we withdrew unilaterally. The test of policy is how it ends, not how it begins