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EU/Russia must meet half way
Russia may yet ratify the Energy Charter Treaty. But the EU will have to make some sacrifices, writes Andrei Konoplyanik, deputy secretary-general of the Energy Charter Secretariat
THE Energy Charter is essential in guaranteeing international energy security. Its importance was further underlined by two events early this year – both relevant to the development of transparent and predictable rules in the international energy business. On 1 January, when it assumed the presidency of the Group of Eight (G8), Russia made energy security a top priority of its presidency. On 4 January, an agreement was signed between Russia and Ukraine that ended a dispute over gas-transit tariffs and export prices that had lasted for months. The international community – following the January gas crisis and in light of Moscow's enthusiasm for energy security – put greater pressure on Russia to ratify the Energy Charter Treaty (ECT) or to declare its intention to ratify the ECT at July's G8 Summit in St Petersburg. Just where does the Kremlin stand? In addition to the unfinished Transit Protocol, Russia has raised two ...Click here to continue reading EU/Russia must meet half way
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