Turkish Prime Minister, Recep Tayyip Erdogan’s, March 16-17 Russia visit capped a four-week period of spectacular changes to Russian energy transit projects, in the Black Sea and beyond. During these critical weeks, Russia abandoned the Trans-Balkan  oil pipeline project, which it had planned for more than a decade to form a transcontinental oil corridor, stretching from Kazakhstan to the Aegean Sea. The Kremlin also abandoned (in all but name) the South Stream gas pipeline project, designed to have stretched from the Black Sea into eight European countries. Moscow also had to register the stagnation of the Trans-Anatolian oil pipeline project, designed to connect Kazakhstan via Russia, the Black Sea, and Turkey with the Mediterranean. READ MORE

The election of Viktor Yanukovych as president of Ukraine caused a return of the traditional ‘rocking chair’ politics between Russia and the EU in their Ukrainian policies, while the basic problems of the country remain unsolved. The Ukrainian elite is itself to be blamed for their country’s desolate economic standing. Russia is trying to take advantage of Ukraine's structural dependency in its economic and energy policy, in order to let its own businesses take over central areas of the Ukrainian economy. The EU, on the other hand, failed to develop any functional Ukraine policy in the past. In order to avoid further political and economic stagnation in the country, Brussels must finally start working out new neighbourhood policy instruments. READ MORE

In the interview to the Latvian daily ”Diena” former Ukrainian president  V.Yushchenko said that European policy often looks like the natural merit not requiring any evidence, and that integration of Ukraine into EU is perceived as one-sided, i.e. exceptionally the Ukrainian act. Europe assigns to the candidate tasks but cannot avoid dual policy on such issues as security, energy, visa policy and defense. European Union would benefit from the accelerated integration of the country with 46 million citizens; therefore the current slow down of Ukraine’s euro integration should be treated as a bad decision. According to V.Yushchenko, his country has always been within the system of European values. READ MORE

Russia's growing oil exports to Asia and the Baltic have unsettled European traders and refiners, who fear shortages on the Black Sea and in Central Europe should Russian output stall or decline. READ MORE