Eurasian Energy Security (Council Special Report) by Jeffrey Mankoff

By Jeffrey Mankoff

As international strength costs proceed to upward push and Russia's oil and gasoline creation speed up, Russian officers more and more speak in their state as an "energy superpower." through reversing the commercial decline of the Nineteen Nineties, Russia's oil and gasoline have given the Kremlin the monetary assets —as good because the self belief —to act as an important foreign energy with an more and more assertive international coverage. This file examines Russia's power coverage from the point of view of U.S. safety pursuits. It concludes that the overseas state of affairs is probably critical. The Kremlin might use its keep an eye on over strength to strain its speedy associates, who rely on oil and gasoline deliveries that move into Russian territory. the ecu Union, seriously depending on Russian strength, may have in all likelihood restricted flexibility in facing Russia, growing discord inside of Europe. And the development of pipelines to East Asia, coupled with fast call for progress in China, India, and in other places, will make the Kremlin an important participant in Asian safety. as well as comparing the present U.S. method of Russia's energy-fueled targets, the record bargains reliable coverage concepts for Washington and the recent management.

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Adopt and Adhere to Fixed Rules for Transparency The EU can ensure transparency only as part of a collective effort, and it will need to adopt and enforce the necessary rules at the European Commission. In terms of Russia, the temporarily postponed negotiations to enter the World Trade Organization (WTO) and to secure a new partnership and cooperation agreement with the EU are important levers. The EU should make transparency a central issue in these negotiations. With regard to Ukraine and other transit states, the EU should welcome the gradual transition to market prices agreed to as part of the deal to 32 Eurasian Energy Security end the January 2009 dispute, and hold forth the prospect of eventually integrating Ukraine into a common EU energy market to mitigate the consequences of future clashes with Russia—but only if Kiev can clean up the gas-linked corruption afflicting its political system.

The Stabilization Fund was split into a Reserve Fund and a National Welfare Fund in February 2008. 09 billion. id4=6412. 5. The failure to invest in the development of new fields has led to concerns that Russia may be unable to meet its contracted delivery obligations as early as 2010. See Vladimir Milov, Leonard L. Coburn, and Igor Danchenko, “Russia’s Energy Policy, 1992–2005,” Eurasian Geography and Economics, vol. 47, no. 3 (2006), p. 303. 6. 56 billion, making it the third largest corporation in the world.

Russia is the ninth largest supplier of petroleum to the United States, after (in order) Canada, Saudi Arabia, Mexico, Nigeria, Venezuela, Iraq, Algeria, and Angola. S. html. 17. See Ksenia Borisocheva, “Analysis of the Oil- and Gas-Pipeline-Links between the EU and Russia” (occasional paper, Centre for Russia and Eurasia, Athens, November 2007), p. 8. 18. com/ en/energy/geopolitics-eu-energy-supply/article-142665. 19. S. pdf. 20. The EU’s Third Gas Directive, tabled in September 2007, stated that only foreign firms that unbundled their operations could invest in European infrastructure.

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