The President of Turkmenistan Gurbanguly Berdimuhamedow evaded signing the agreement on the East-West gas pipeline construction with Dmitry Medvedev. READ MORE

On March 10 in Moscow, Hungary's privately-owned MOL oil and gas company signed an agreement with Gazprom Export in Moscow to jointly establish a gas storage company in Hungary. Prime Ministers Vladimir Putin and Ferenc Gyurcsany witnessed the signing. This project is separate from and, in all probability, independent from Gazprom's South Stream pipeline project, one section of which is planned to traverse Hungary. MOL is not participating in South Stream (Interfax, March 10, 11). READ MORE

Russian Energy Minister Sergey Shmatko paid an official visit to Ankara to meet with Turkish Energy Minister Hilmi Guler. At the meeting, Shmatko inquired when the Turkish authorities would make their final decision to allow the Russian-Turkish consortium to build Turkey's first nuclear power plant. Guler said that assessments of the consortium's bid had reached the final phase. It was reported that the Turkish government would make its final decision after the provincial election on March 29. Before the visit the Turkish press speculated that Russian officials were coming to Turkey because of concern that the Turkish government might revoke the bid that was made by the Russian-Turkish consortium. READ MORE

Feodosiya import increased oil transferring in 2,8 times. Up to May, monthly oil processing volume will comprise not less than 200 thousand tons.

According to the press service of the Ukrainian Ministry of Transport and Communications, in January the transshipment port increased the transfer up to 216,5 thousand tons, in comparison with the previous January value of 75,1 thousand tons. READ MORE

Anne Pringle, a new British ambassador to Russia, presented her credentials to Russian President Dmitry Medvedev on January 16, thus officially taking the office. Ms. Pringle has been in Russia since October 2008. She talked about preparations for an upcoming G20 financial summit in London. READ MORE

US President Barack Obama and Britain's Prime Minister Gordon Brown are making very public pleas for global cooperation ahead of a major economic summit.
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Russia’s Prime Minister said he’s unhappy his country was not consulted on a European Union decision to help Ukrainian modernize its gas supply network. Putin warned that the slight could jeopardize Russian-EU relations. READ MORE

Russian Foreign Minister Sergei Lavrov criticized on Saturday the European Union's new partnership with six former Soviet states, suggesting the 27-member bloc was seeking to extend its own sphere of influence. READ MORE

The Government of Estonia has approved the programs of energy and electric economies, according to which Estonia plans to build nuclear power plant by 2023. The General Director of the National Foundation for Energy Security Konstantin Simonov commented on the situation. READ MORE

The global world crisis which is shaking the countries and continents today is a special phenomenon unknown to mankind ever before. It is definitely an unprecedented phenomenon which does not have its analogy in world history and which is cardinally changing the world order with all its economic foundations. That is why for its analysis, understanding and for overcoming it a totally different approach is required which should reexamine all the old dogmas and stereotypes. READ MORE