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The Rise of the Russian Empire: Russo-Armenian Relations

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  • Re: The Rise of the Russian Empire: Russo-Armenian Relations

    Finally, someone in the news media, albeit not mainstream, has responded to McCain's utterly insane proposal in quite candid terms. Nevertheless, we should all get used to the idea of John McCain as the next president of the United States. It sometimes seems as if nothing will stop these "Neocons" from dragging this nation down, even if it means taking the rest of the world down with it.

    Armenian

    *******************************

    McCain's proposal to kick Russia out of G-8 is bold and unlikely


    John McCain dropped a little-noticed bombshell into his March foreign-policy address: Boot Russia from the G-8, the elite club of leading industrial democracies whose leaders try to coordinate economic policies. One major problem: He can't do it because the other G-7 nations won't let him. But the fact that he's proposing to try, risking a return to Cold War tensions with the world's second-largest nuclear power after 20 years of prickly partnership, raises questions about McCain's judgment. It also underscores that many of his top foreign-policy advisers are of the same neo-conservative school that promoted the war in Iraq , argue for a tougher stance toward Iran and are skeptical of negotiating with North Korea over its nuclear program.

    The Group of Eight, or G-8, as it's popularly known, makes decisions by consensus, so no single nation can kick out another. Most experts say the six other countries— Great Britain, France, Italy, Germany, Japan and Canada — would never agree to toss Russia, given their close economic ties to their neighbor. A senior U.S. official who deals with Russia policy said that even Moscow would have to approve of its own ouster, given how the G-8 works. "It's not even a theoretical discussion. It's an impossible discussion," said the senior official, who requested anonymity because he wasn't authorized to speak publicly. "It's just a dumb thing." Aside from that, many wonder whether McCain's suggestion would be wise policy. They fear that if McCain is elected and follows through on an attempt to toss Russia from the group, it could anger and isolate Russia , which has been increasingly assertive on the world stage, autocratic within its borders and is the second-largest producer of the hydrocarbons that feed the world's energy needs.

    "In Europe , there's very little support ... for a policy like that," said Stephen Larrabee , an expert on Europe and Russia at the RAND think tank. "It's too late in the game to try and oust Russia ." The proposal also seemed at odds with the theme of McCain's speech, which promised a less unilateral approach to world affairs than the Bush White House has pursued. That could reflect tension between two Republican foreign-policy camps vying for influence in McCain's campaign: the pragmatic realists and the hard-line neo-conservatives— with the neo-cons ascendant for now in Russia policy. "There are a lot of important issues that we need Russia's support on. ...What's to be gained by tossing Russia out? We feel more self-righteous about ourselves?" said Andrew Kuchins , the director of the Russia and Eurasia program at the Center for International and Strategic Studies , a center-right think tank.

    Randy Scheunemann , the foreign-policy director for McCain's campaign, acknowledged that "there would be very vigorous discussion" within the G-8 of a proposal to exclude Russia . But, he said, Russia was "on a different political and economic trajectory" when it joined the group a decade ago, and he said it's unlikely that the same invitation would be extended today. Scheunemann vigorously disputed that the proposal is a product of McCain's neo-con advisers. McCain's position on the issue dates to 2003, he said. The G-8 is an informal alliance of the world's leading industrialized democracies. Leaders gather annually to discuss a broad range of global issues, from the economy to security to the environment. Ministers from member governments then coordinate policies behind the scenes in accordance with decisions taken at the annual summits.

    The alliance was known for years as the G-7 until Russia was admitted in 1997, at the behest of the Clinton administration, as a way to encourage further democratic and economic reforms under President Boris Yeltsin . Russia has always been an odd fit for the group. While it's risen in recent years to join the ranks of the world's top 10 economies, that's due to its energy exports, not its modest industrial capacity. And its experiment with democracy has gone into reverse in recent years, which makes it doubly out of step with the seven industrial democracies. McCain's proposal addresses concerns about Russia's behavior, which became more adversarial under President Vladimir Putin (who, though he leaves office this month, will become prime minister and remain Russia's dominant figure). Examples include its meddling in the affairs of neighbors such as Ukraine and Georgia , its threat to aim missiles at other European neighbors in response to President Bush 's plans for a Europe -based missile defense and its crackdown on political dissent.

    "It's not from left field," said Derek Chollet , a senior fellow at the Center for a New American Security , a bipartisan foreign-policy research institution. "As Russia has de-democratized, there's been this whole question of, `What do we do?' The title is industrialized democracies. If Russia is drifting away from democracy, what do we do with it?" But McCain's solution "on a scale of one to 10 of possible action, is going to 11," Chollet said. Instead, "you just have to be cold-hearted about this," said Colin Bradford , an expert in global governance at the Brookings Institution , a center-left Washington research center. "We all believe in human rights and democracy. ...But it doesn't matter what the internal regime looks like. You need them at the table. We've got to figure out the incentives" that will make Russia behave better.

    Some agree with McCain's approach. Ariel Cohen , a senior research fellow at the conservative Heritage Foundation , said McCain's proposal was "right on the money." "It sends Russia a strong message to stop behaving the way it does," Cohen said. "As long as Russia doesn't behave like a democracy, why should it be in the G-8?" Cohen added that there are plenty of other forums for Russia to be heard in the world, including bilateral talks, the United Nations and the Organization for Security and Cooperation in Europe. McCain clearly dislikes Putin. A line he likes to use on the campaign trail is that while Bush looked into Putin's eyes and saw his soul, McCain looked into Putin's eyes and "saw three letters: KGB." Putin was a longtime officer in the Soviet intelligence service.

    The feeling appears mutual: McCain and campaign pal Sen. Joseph Lieberman , an independent Democrat from Connecticut , regaled reporters a few months ago with a story of the conference in Munich, Germany , "where Putin last year chose to give his first real strong anti-American speech ...when you saw a real change," McCain said. "He looked over and glared at me and Joe in the front row a couple of times." That may be because McCain and Lieberman had sponsored a bill in 2005 urging what McCain is proposing anew: that Russia's G-8 membership be suspended. What's striking about McCain's proposal is how far it is from the Bush administration's long effort to engage Putin. Democratic presidential candidates Hillary Clinton and Barack Obama also have offered tough rhetoric on Russia. Of course, Kuchins said, "they're all on the campaign trail. Bush has to actually govern."

    Source: http://news.yahoo.com/s/mcclatchy/20...latchy/2927033

    Originally posted by Armenian View Post
    Replace Russia with India in the G8? Is this simply a statement made by an internet blogger trying to be silly? I'm afraid not. The statement in question is actually one of the several ludicrous foreign policy wishes of presidential candidate John McCain, who I'm afraid is the most likely candidate to win the next presidential election in the US. I'm afraid Americans, and the rest of the world for that matter, need to get used to the idea of four more years of Neocon BS...

    Armenian

    ********************************

    India should replace Russia in G8: McCain



    WASHINGTON: India and Brazil should replace Russia in the Group of Eight (G8) forum, US Republican presidential candidate John McCain has said in a major foreign policy address that defends his hardline views on the ongoing war on terror while forsaking the Bush administration's unilateralism. The 3800-word speech, billed as McCain's most comprehensive foreign policy statement, has upbeat references to India, citations that might please New Delhi considering another Republican administration is a distinct possibility given the bloodletting on the Democratic side. Another Congress-led government in India may also have to carry the nuclear deal forward with a McCain administration if it is not consummated during the current dispensations.

    Outside this narrow perspective too, McCain's address at the Los Angeles World Affairs Council contained much that would resonate well with New Delhi, including promises of US alliances with democracies, an ideal that McCain himself has help dilute with support to dubious military regimes like the one in Pakistan. ''We cannot build an enduring peace, based on freedom by ourselves, and we do not want to. We have to strengthen our global alliances as the core of a new global compact - a league of democracies - that can harness the vast influence of the more than one hundred democratic nations around the world to advance our values and defend our shared interests,'' McCain said, naming India, Japan, Australia, Brazil, South Korea, South Africa, Turkey and Israel, among democratic countries that should wield greater influence on events.

    But it was his stab at India's old ally Russia, a country with which the Bush administration forged a close partnership in the beginning, that surprised analysts. Warning against the dangers posed by a ''revanchist'' Russia, McCain said the US should ensure that the G8, the group of eight highly industrialized states, becomes again a club of leading market democracies: it should include Brazil and India but exclude Russia, he said. The Group of Eight members include besides the US and Russia, Japan, Germany, UK, Canada, France and Italy. McCain's gripe against Russia appeared more political than economic, since some of the other countries have even smaller economies than that of a resurgent Russia. ''Rather than tolerate Russia's nuclear blackmail or cyber attacks, Western nations should make clear that the solidarity of Nato, from the Baltic to the Black Sea, is indivisible and that the organization's doors remain open to all democracies committed to the defense of freedom,'' McCain said.

    McCain did not address the rise of China in the geo-political context, nor mention the recent troubles in Tibet. But he acknowledged China and India as ''economic powerhouses'' while rejecting any idea of US isolationism or protectionism, saying Americans should lead by example and participate in globalization. But it was McCains stand on Iraq, a war which he has supported unequivocally, that was much awaited. And he showed no change of heart or policy on that big ticket, conflating the war on terror to the widely-condemned US invasion of Iraq. ''We have enemies for whom no attack is too cruel, and no innocent life safe, and who would, if they could, strike us with the world's most terrible weapons. "There are states that support them, and which might help them acquire those weapons because they share with terrorists the same animating hatred for the West, and will not be placated by fresh appeals to the better angels of their nature. "This is the central threat of our time, and we must understand the implications of our decisions on all manner of regional and global challenges could have for our success in defeating it,'' McCain said, continuing to blur the line between Iraq and the more toxic regimes that drew the US into the so-called war on terror.

    Source: http://timesofindia.indiatimes.com/I...ow/2905310.cms

    McCain Accuses Russia of Blackmail


    U.S. Presidential candidate John McCain suggested revamping the Group of Eight, a trans-Atlantic group that deals with economic policy, to exclude Russia, which he accused of "nuclear blackmail." McCain, almost certain to be the Republican candidate in November's election to replace President George W. Bush, gave a broad outline of his foreign policy views Wednesday in a speech in California. "We should start by ensuring that the G-8 ... becomes again a club of leading market democracies: It should include Brazil and India but exclude Russia," McCain said. McCain, a harsh critic of President Vladimir Putin, also said that "[Rather] than tolerate Russia's nuclear blackmail or cyber-attacks, Western nations should make clear that the solidarity of NATO, from the Baltic to the Black Sea, is indivisible and that the organization's doors remain open to all democracies committed to the defense of freedom." Addressing relations with Europe, McCain recommended changes from Bush policies. "The United States did not single-handedly win the Cold War," McCain said. "The trans-Atlantic alliance did, in concert with partners around the world. The bonds we share with Europe in terms of history, values and interests are unique. Americans should welcome the rise of a strong, confident European Union as we continue to support a strong NATO," he said.

    Source: http://www.themoscowtimes.com/storie...03/28/018.html
    Մեր ժողովուրդն արանց հայրենասիրութեան այն է, ինչ որ մի մարմին' առանց հոգու:

    Նժդեհ


    Please visit me at my Heralding the Rise of Russia blog: http://theriseofrussia.blogspot.com/

    Comment


    • Re: The Rise of the Russian Empire: Russo-Armenian Relations

      "India and Brazil should replace Russia in the Group of Eight (G8) forum, US Republican presidential candidate John.."

      India? McCain should live one month in India before he opens his 5 1/2 years old captive mouth. Coincidentally both of these countries are buying Russian armaments. Great, another redneck in office.

      Future G8 Country

      Last edited by Azad; 05-01-2008, 09:40 PM.

      Comment


      • Re: The Rise of the Russian Empire: Russo-Armenian Relations

        So mcfart gets into office, his vp is joe joo lieberman, they kill off the old fart and BANG! we have the first joo president, a neo con dream come true!

        Sounds funny but there is a real chance of it occuring.
        Last edited by Armanen; 05-01-2008, 09:51 PM.
        For the first time in more than 600 years, Armenia is free and independent, and we are therefore obligated
        to place our national interests ahead of our personal gains or aspirations.



        http://www.armenianhighland.com/main.html

        Comment


        • Re: The Rise of the Russian Empire: Russo-Armenian Relations

          I disagree with this assessment. Yes, in the short term, having Russia beat up on Georgia would impact Armenia's economy negatively. However, in the longterm, having Russia beat up on Georgia would benefit Armenia greatly. Just my opinion.

          ***************************

          Sergei Minasyan: escalation of Georgian-Abkhazian conflict promises no good for Armenia



          Military operations are unlikely in the Georgian-Abkhazian conflict zone, an Armenian political scientist said. “Influence from outside is great. Neither the U.S. nor Russia will allow Georgia to start war. Russia pressurizes deliberately, using the Abkhazian factor for replenishing its peacekeeping contingent. Meanwhile, Georgia tries to gain internal political dividends on the threshold of parliamentary elections. Saakashvili did the same last October. So, I do not think that increasing of the Russian contingent up to 3000 peacekeepers can act as detonator,” Georgia expert Sergei Minasyan told a PanARMENIAN.Net reporter. “If a war starts, it will spread over to South Ossetia, thus jeopardizing regional security. Such a scenario promises no good for Armenia, taking into account the importance of communications and specific relations with Russia. Georgia eyes Armenia as a pro-Russian state. But as a matter of fact, we hold a neutral stand,” he said. The Russian leadership has recently accused Georgia of preparing a springboard for attack on Abkhazia. “The number of Georgian troops exceeds 1500 in the upper segment of the Kodor gorge,” the Russian Foreign Ministry said. Meanwhile, member of Georgian Interior Ministry Shota Utiashvili described it as “misinformation aimed to deteriorate the situation in the conflict zone.” On April 29, the Russian Defense Ministry announced replenishment of peacekeeping forces in Abkhazia and South Ossetia. “Any Georgia’s attempt to use force to resolve the conflicts will be rebuffed adequately and toughly,” the Ministry said.

          Source: http://www.panarmenian.net/news/eng/?nid=25961
          Մեր ժողովուրդն արանց հայրենասիրութեան այն է, ինչ որ մի մարմին' առանց հոգու:

          Նժդեհ


          Please visit me at my Heralding the Rise of Russia blog: http://theriseofrussia.blogspot.com/

          Comment


          • Re: The Rise of the Russian Empire: Russo-Armenian Relations

            Putin's legacy: strong Russia with a Soviet flavor



            When Russian President Vladimir Putin steps down next week after eight years in power, he will leave behind him a strong Russia, self-confident at home and assertive abroad. But the smack of the Soviet past can be felt distinctly in the legacy that Putin, a steely-eyed former KGB spy, will hand over to his protege Dmitry Medvedev, who will be sworn in as the new president on May 7. Russia was in ruins when Putin became president in 1999. Its economy was spluttering, the country's cohesion was threatened by independent-minded regional leaders, a separatist rebellion in Chechnya and a wave of violent attacks across the country. Eight years on, Russia is very different country and voters give Putin much of the credit -- he bows out with an unprecedented popularity rating of about 70 percent.

            He will stay on as a powerful prime minister. "We have restored the territorial integrity and unity of our nation, we have recreated the state," he has said, summing up his key achievements. "We have restored the fundamental basis of the Russian economy and are turning into an economic leader." Chechnya has been largely pacified and key rebel leaders have been killed, although a small-scale Islamist insurgency is still causing instability in the regions around it. The one-trillion-dollar economy, helped by high energy prices and liberal market reforms launched in the first years of Putin's rule, is booming with hefty 7 percent annual growth. Big Russian firms are elbowing their way into Western markets. "We feel more confident now," Finance Minister Alexei Kudrin has said. "The government no longer needs to plug holes and can focus on long-term goals." "I read newspapers again because I find things to be proud of there," said Oleg Georgiyevich, a pensioner who came to watch tanks and missile launchers rolling through Moscow as they rehearsed for a May 9 parade -- a revival of a Soviet-era tradition.

            WORRYING SIGNS

            But a vocal minority of Russians, along with Western governments and rights groups, see worrying signs. "Putin's main achievement is a spectacular return to the Soviet epoch," author and opposition activist Zakhar Prilepin said in the Internet publication Izbrannoye (www.izbrannoye.ru). Putin's rule has seen a rolling back of political freedoms introduced under his predecessor Boris Yeltsin. Hitherto elected regional governors are now effectively appointed by the Kremlin. Parliament, once the scene of political battles, has become under Putin a docile chamber that rubber-stamps the Kremlin's decisions.

            Opposition parties complain they have been sidelined by a Kremlin campaign of harassment and elections rigged to favor Putin's United Russia party. The Kremlin says the opposition has lost ground because it is out of touch with what voters want. Russia's main television stations and biggest newspapers are either controlled by the state or Kremlin-friendly businessmen, and have become deferential in their reporting. At the grass roots, the pervasive influence of Putin's tightening control is felt too. "I had to get a United Russia membership card," said a 50-year-old businessman from the provincial city of Yaroslavl. "It is now an entry ticket to official contacts and protects you from problems, exactly like the Communist Party card worked in the Soviet Union." Putin argues that the Kremlin needed to wield stronger political powers to ensure economic growth and avert the disintegration of the country.

            He also defends another element of his legacy: increasing government involvement in the economy. Some international companies have been forced to give up their stakes in lucrative energy projects and state corporations are mushrooming. Many investors were alarmed at the way the Russian state dismantled the Yukos oil company, arrested its top executives and sold off its best assets to the state-owned Rosneft in auctions which lacked transparency. Business leaders -- careful since the Yukos case to stay away from politics -- are now warning that too much state intervention could harm the economy. "There should be clarity about the role of the state and private business in the economy," the influential head of the Union of Industrialists and Entrepreneurs, Alexander Shokhin, told Medvedev at a meeting last month.

            Source: http://www.reuters.com/article/world...25888020080502
            Մեր ժողովուրդն արանց հայրենասիրութեան այն է, ինչ որ մի մարմին' առանց հոգու:

            Նժդեհ


            Please visit me at my Heralding the Rise of Russia blog: http://theriseofrussia.blogspot.com/

            Comment


            • Re: The Rise of the Russian Empire: Russo-Armenian Relations

              Russia and Greece have finalized their strategic joint venture, the South Stream Pipeline. This pipeline, also known as the Alexandroupolis-Burgas pipeline, will bypasses Turkey and will eventually be able to deliver to western Europe approximately 30 billion cubic meters of natural gas per year. The pipeline's construction is to be completed by 2011. Once completed the pipeline will be used to transport Russian gas from the Bulgarian Black Sea port of Burgas to the Greek Aegean port of Alexandroupolis. Another branch of the pipeline is expected to go north through Romania, Hungary and Austria. The geopolitical/geo-economic ramifications of this pipeline project is quite significant and cannot be ignored. Russia is not only engaging NATO and EU members directly it is also bypassing its major competitor in the region, Turkey. The South Stream project is also a death blow to western oil/gas exploitation projects in the region, namely the Nabucco/Trans-Caspian pipeline. This is the continuation of Russia's multi-pronged attempt at directly impacting the politics and economy of the region in question by empowering nations of the region that maintain good relations with Moscow. More links from this thread pertaining to this topic:






              Armenian

              ******************************

              Russia, Greece sign deal on South Stream gas pipeline




              Russia and Greece sign deal on gas pipeline: http://www.youtube.com/watch?v=nmCL5b1Id3U

              Greece formally signed on Tuesday a deal to join Russian gas export monopoly Gazprom's (GAZP.MM: Quote, Profile, Research) 10 billion euros ($15.58 billion) South Stream gas pipeline. The pipeline, which will be jointly built by Gazprom and Italy's ENI (ENI.MI: Quote, Profile, Research), will take 31 billion cubic metres (bcm) of Russian gas to southern Europe per year after it is commissioned in 2013. "The signing of the agreement to construct the Greek part of the South Stream pipeline has become the most important result (of the talks)," Russian President Vladimir Putin said after meeting Greek Prime Minister Costas Karamanlis at the Kremlin. Earlier this year, Russia agreed to route the South Stream pipeline through Bulgaria, Serbia and Hungary, marking major victories in a 'pipeline war' with the European Union. Analysts see the South Stream project as posing a major challenge to the rival U.S. and EU-backed Nabucco pipeline scheme. Tuesday's deal with Greece struck yet another blow.

              Under Nabucco, gas would come from ex-Soviet Azerbaijan to south Europe via Turkey in an EU effort to diversify energy sources away from reliance on Russia, though experts say the pipeline's fruition is becoming increasingly more difficult as Azeri reserves are questioned. "Such (a) truly forward-looking and pragmatic approach by the Greek leadership will bear solid dividends for Greece, the Balkans and Europe as a whole very soon," Putin said after Russian Energy Minister Viktor Khristenko and Greek Minister of Development Christos Folias signed the agreement. Under the South Stream scheme, Russian gas will go from the Novorossiisk port, travel 900 kms under the Black Sea, re-emerge on the Bulgarian coast and then continue through one of two onshore routes.

              Going south to Mediterranean countries, gas will go to Greece and on to Italy. Khristenko said 10 bcm per day would be piped to Greece per year, but declined to say how much the domestic Greek market would absorb. Gazprom CEO Alexei Miller said the pipe would go under the seabed from Greece to Italy, agencies quoted him as saying. Going north, gas could then pass through Romania, Hungary, the Czech Republic and Austria before arriving in Italy, although final routing is unclear. Earlier this month Gazprom said it was discussing the possibility to extend the South Stream through Slovenia. The South Stream's feasibility study will be concluded by the end of this year, Gazprom has said.

              Source: http://uk.reuters.com/article/oilRpt...40383920080429

              South Stream Turns toward Greece



              Greece joined the Russian-Italian South Stream yesterday. An agreement was signed on the construction of a section of the pipeline across Greece with a capacity of 10 billion cu. m. of natural gas per year. Russian Ministerof Industry and Energy Viktor Khristenko and Greek Minister of Development Christos Folias signed the agreement in the presence of Russian President Vladimir Putin and Italian Prime Minister and Greek Prime Minister Kostas Karamanlis. Gazprom was forced to promise Greece a long-term contract for gas delivery with growing volume through 2013. Athens also retained the right to diversify its supplies with gas from Algeria and Turkey. Similarly to the agreements reached with Hungary and Bulgaria, Gazprom will form a joint venture with the Greek company DEPA to participate in South Stream. The agreement foresees tax benefits until the recoupment of the investment in the pipeline. The South Stream pipeline will stretch from Russia to Italy with a 30-billion cu. m. capacity. It is to be completed by 2013. It will run for 900 km. under the Caspian Sea and branch out in Bulgaria, with one line leading to Greece and onward to the Italian city of Brindisi, and another line running through Serbia, Hungary and Austria or Slovenia to northern Italy. Putin acknowledged yesterday that the Greek prime minister “is a strict negotiator.” Greece receives 90 percent of its natural gas and 30 percent of its oil from Russia.

              Source: http://www.kommersant.com/p888248/natural_gas_pipeline/

              In related news:

              Gazprom Set to Top GE as No. 4 Company on Gas Rally



              Russia's OAO Gazprom is poised to unseat General Electric Co. as the world's fourth-largest company by market value after energy prices rose to records and GE's first earnings decline in five years erased $50 billion from its stock. Gazprom, the world's biggest natural gas producer, increased 22 percent on Moscow's Micex Exchange to $319.4 billion in the past year as the fuel rallied 43 percent. GE, based in Fairfield, Connecticut, dropped 7 percent to $323 billion on the New York Stock Exchange. The world's largest maker of locomotives and jet engines retreated the most in 20 years on April 11 as earnings fell on credit losses in its financial services units, which accounted for more than half of GE's profit in 2007.

              "There has been a growing question mark around GE with so much leverage to finance,'' said Bruce McCain, the Cleveland- based head of investment strategy at Key Private Bank, which manages $40 billion. "You were paying an industrial multiple for a company that was 50 percent financial. The credit crisis underscores that a financial company is more risky.'' Gazprom, established in Moscow 15 years ago from the Soviet Gas Industry Ministry, and GE, which Thomas Edison helped create in 1892, are converging as the U.S. economy slows and Russia grows at its highest annual rate this decade. GE stunned investors on April 11 when Chief Executive Officer Jeffrey Immelt said 2008 earnings will fall short of his previous forecast and first-quarter profit dropped at four of its six biggest units.

              `In the Bag'

              Immelt, who reiterated the 2008 forecast on March 13 after saying it was ``in the bag'' in December, blamed the results on weakening credit markets. The collapse of the subprime mortgages last year and the ensuing credit contraction saddled the world's largest financial institutions with $290 billion of writedowns and losses. Immelt today raised his cost-cutting goal by 50 percent and said GE will sell underperforming units. Analysts at Goldman Sachs Group Inc., Credit Suisse Group, Deutsche Bank AG and Citigroup Inc. cut their ratings on the shares. Gazprom, the state-run supplier of a quarter of Europe's natural gas, reported third-quarter profit of 113.1 billion rubles ($4.8 billion) in February, beating by 18 percent the median estimate of analysts surveyed by Bloomberg News.

              Russian Growth

              Gains in oil and natural gas have helped boost the stock. Crude rose to a record $119.90 a barrel in New York yesterday, boosted by demand from countries expanding faster than the U.S. Russia's 9.5 percent annual economic growth trails only China's 10.6 percent rate of increase among the 15 largest economies, according to data compiled by Bloomberg. The U.S. economy is growing at a 2.5 percent yearly pace.

              "Money's piling in because it's the cleanest way to get into these markets and get exposure to these commodities,'' said Peter Sorrentino, Cincinnati-based senior portfolio manager at Huntington Asset Advisors, which manages $15 billion. "There are very few ways to play with large money in the Russian market.'' Gazprom, whose chairman Dmitry Medvedev will succeed Vladimir Putin as Russia's president on May 7, says it has enough reserves to meet global demand for a decade. The government, which caps charges to Russian consumers, is gradually increasing domestic prices to European levels and in December said Gazprom can raise them by as much as 25 percent in 2008. GE rose 0.1 percent to $32.36 in NYSE trading today. Gazprom added 0.6 percent to 315.72 rubles.

              Source: http://www.bloomberg.com/apps/news?p...FpI&refer=news

              Asia-Pacific to get 30% of Russia’s natural gas exports by 2020


              MOSCOW (RIA Novosti) - Russia will increase natural gas exports to Pacific Rim countries from the current 3% to 30% of its total exports by 2020, a Russian envoy to the United Nations said on Tuesday. “This will be an important Russian contribution to ensuring energy security in the Asia-Pacific region,” the Foreign Ministry quoted Yevgeny Afanasyev, envoy to the UN Economic and Social Commission for Asia and the Pacific, as saying. Afanasyev said the planned increase is due to the region’s brisk economic growth against a backdrop of rising energy prices. The Russian envoy said the UN Economic and Social Commission for Asia and the Pacific could serve as a good platform for dialogue between energy producers and consumers in the Asia-Pacific region to ensure energy security and search for the most effective methods of solving energy problems. “Such cooperation could include information exchanges on energy polices, measures to determine areas for joint investment to develop energy infrastructure, analysis of regulatory and legal frameworks in the energy sphere, and efforts to harmonize standards and invest in energy and transit of energy products,” Afanasyev said.

              Source: http://www.tehrantimes.com/index_View.asp?code=167474

              EU rules out linking Russia up to Nabucco pipeline

              The European Commission ruled out on Monday the possibility of linking Russia up to the Nabucco gas pipeline, stressing that Europe would stick to its aim of diversifying EU supplies. Nabucco, which is supposed to supply the bloc with gas from the Caspian Sea region by 2012-2013 while bypassing Russia, lies at the heart of the European Union's diversification strategy. "Russia is working with its own project, South Stream," EU Energy Commissioner Andris Pielbalgs told reporters hours after meeting Russian Energy Minister Viktor Khristenko. "They have never expressed any wish to join Nabucco," Pielbalgs said. "We should not ask Russia to join a project which they have never shown interest to join." He said there were currently no discussions between Russia's Gazprom and the Nabucco consortium and "we should not speculate on issues that are not on the agenda. "Safety and security in energy is in diversity," he added. EU External Relations Commissioner Benita Ferrero-Waldner also excluded the possibility of linking Russia up to the Nabucco network. "It's of high strategic interest and importance that we keep to our strategic goal of diversification, not just other resources but also other pipelines," she said, announcing that Egypt would contribute some two billion cubic metres of gas per year to the pipeline from 2010. "Russia will always be an important supplier but we also have big countries around that have potentially very big reserves and they need to develop their reserves," she said. The consortium behind Nabucco has struggled to get construction underway in the absence of enough investors amid fears that the EU will not find the 30 billion cubic metres of gas per year necessary for it to be viable. Against that backdrop, former head of the International Energy Agency Claude Mandil said in April that Russia should be associated with Nabucco, which enjoys US backing.

              Source: http://afp.google.com/article/ALeqM5...vPeI-iKKfzGW8w
              Last edited by Armenian; 05-05-2008, 09:43 AM.
              Մեր ժողովուրդն արանց հայրենասիրութեան այն է, ինչ որ մի մարմին' առանց հոգու:

              Նժդեհ


              Please visit me at my Heralding the Rise of Russia blog: http://theriseofrussia.blogspot.com/

              Comment


              • Re: The Rise of the Russian Empire: Russo-Armenian Relations

                having Russia beat up on Georgia would benefit Armenia greatly. Just my opinion.
                By that do you mean that western and turkish influence would greatly lessen in the Cauacasus and therefore Armenia & Russia would have a freeier hand in the region?
                For the first time in more than 600 years, Armenia is free and independent, and we are therefore obligated
                to place our national interests ahead of our personal gains or aspirations.



                http://www.armenianhighland.com/main.html

                Comment


                • Re: The Rise of the Russian Empire: Russo-Armenian Relations

                  Hopefully it would lead to breaking up Georgia which would be excellent for Armenia.

                  Comment


                  • Re: The Rise of the Russian Empire: Russo-Armenian Relations

                    Originally posted by Armenian View Post
                    I disagree with this assessment. Yes, in the short term, having Russia beat up on Georgia would impact Armenia's economy negatively. However, in the longterm, having Russia beat up on Georgia would benefit Armenia greatly. Just my opinion.
                    I think Saakashvilli is not all their. Just last week he addressed the Ossetians and Abkhazians, and urged them to join forces against a common enemy. Well they took it to heart.

                    Comment


                    • Re: The Rise of the Russian Empire: Russo-Armenian Relations

                      Originally posted by Armanen View Post
                      By that do you mean that western and turkish influence would greatly lessen in the Cauacasus and therefore Armenia & Russia would have a freeier hand in the region?

                      That but also, I think given that for now, the Armenian state is the only friendly and reliable entity for Russia within the region in question, that increases automatically the strategic importance and value of Armenia for Russkis...

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