Thursday, October 2, 2014
 
Follow sptimesonline on Facebook Follow sptimesonline on Twitter Follow sptimesonline on RSS
MOST READ



PARTNER NEWS



BLOGS



OPINION



WHERE TO GO?

The Romanovs in St. Petersburg

History of St. Petersburg Museum

 

  Print this article Print this article

Russia Sees Underhanded Sanctions in Bulgaria's Suspension of South Stream

Published: June 10, 2014 (Issue # 1814)



  • An engineer welding a section of the South Stream pipeline in Bulgaria.
    Photo: Gazprom

Bulgaria's decision to suspend construction of the Russia-led South Stream pipeline project on its territory, undermining Russia's efforts to diversify its gas transportation infrastructure to Europe away from Ukraine, is an underhanded economic sanction thrust on Russia by the West, a top Russian diplomat and Russian industry analysts said Monday.

Vladimir Chizhov, Russia's envoy to the European Union, slammed the move against the $45 billion pipeline project, which followed a visit by three U.S. senators to Bulgaria late last week, as "economic sanctions by stealth," and highlighted efforts by top European officials to link the continuation of work on the project with Russia's position on Ukraine.

"South Stream is directly related to Ukraine, because once it is completed, Ukraine will loose its status as monopoly transit country [for the Russian gas going to European consumers]," Chizhov said, Itar-Tass reported.

South Stream, which is designed to deliver 63 billion cubic meters of gas per year and from Russia's Krasnodar region across the bottom of the Black Sea to Bulgaria, Serbia and Hungary before entering Austria, has the potential to shift the balance of energy power in Eastern Europe away from Ukraine by depriving the country of its leverage as the main transit country for Russia's gas.

Last week, energy-hungry EU member state Bulgaria seemed determined to withstand pressure from Brussels and Washington, with the country's Energy Minister Dragomir Stoynev defending it as a priority infrastructure project.

But following a visit by U.S. senators John McCain, Christopher Murphy and Ron Johnson on Sunday, Bulgarian Prime Minister Plamen Oresharski said the country would halt construction work on the pipeline, in which Russia's state gas exporter Gazprom holds a 50-percent stake.

McCain, who is known for his staunch criticism of President Vladimir Putin, was quoted by The Associated Press as saying after the meeting that "obviously we want as little Russian involvement as possible."

Bulgarian authorities soon tried to row back on Sunday's announcement, with the Energy Minister Dragomir Stoynev saying on Monday that the project cannot be cancelled and that it will be completed sooner or later. Serbia the next leg of the pipeline said it will still suspend the project until the construction of Bulgaria's section is sorted out.

Pages: [1] [2]






 


ALL ABOUT TOWN

Wednesday, Oct. 1


The St. Petersburg International Innovation Forum 2014 kicks off today at Lenexpo, where it will be presenting the latest and greatest ideas until Oct. 3. Focusing on economic development and the decisions and measures necessary to encourage development in Russias most important industries, the event is a possibility to discuss the innovations currently available in a variety of fields.


Representatives of the Russian and international media industries arrive in St. Petersburg for the first ever International Media Forum being hosted by the city until Oct. 10. With a variety of events on tap, including workshops, lectures and film screenings, the event plans to reemphasize the citys reputation as the countrys culture capital and as an emerging market and location for the visual arts.



Thursday, Oct. 2


The celebration of the bicentennial of the birth of Mikhail Lermontov continues with todays free exhibition in the citys Lermontov Library at 19 Liteiny Prospekt. Titled Under the Rustling Wings, the temporary exhibition will feature the costumes and scenery used in the 1917 production of Lermontovs play The Masquerade, which he wrote in 1835 when he was only 21 years old.



Friday, Oct. 3


Learn more about how to manage and evaluate employee performance during SPIBAs Human Resources Committee meeting this morning on Employee Assessment: Global and Local Trends. Starting at 9:30 a.m., the discussion will touch on such topics as the partnership between HR and business, reliable assessment strategies and more, with Tatiana Andrianova, the head of the SHL Russia and CIS branch in St. Petersburg, as the featured guest. Confirm your participation by Oct. 2 by emailing office@spiba.ru or calling 325 9091.


AmChams Procurement Committee Meeting is at 9 a.m. this morning in their office in the New St. Isaac Office Center on Ulitsa Yakubovicha.



Saturday, Oct. 4


Wine and cheese lovers will get their chance to revel during Scandinavia Country Club and Spas Wine Market Weekend. Going on today and tomorrow, wining diners can listen to live music, take part in culinary classes and, of course, sample a variety of fine wines from around the world. The cost of admission is 400 rubles ($10.30) for adults and 200 rubles ($5.15) for children.



Sunday, Oct. 5


Look for the latest fall fashions at the Autumn Market today in Freedom Anticafe at 7 Kazanskaya Ulitsa. The minimarket plans to offer clothes more flattering than the puffy jackets that are a staple of the citys cold-weather fashion, while offering the same amount of protection from the biting winds blowing off of the Baltic.



Monday, Oct. 6


SKA St. Petersburg, the citys KHL affiliate, welcomes Slovakian club HC Slovan in a match-up tonight at the Ice Palace near the Prospekt Bolshevikov metro station. The puck drops at 7:30 p.m. and tickets can be purchased on the clubs website or in person at either the arenas box office or the clubs merchandise store on Nevsky Prospekt.



Tuesday, Oct. 7


Learn more about Russias energy industry at the St. Petersburg Energy Forum that begins today and runs through Oct. 10. Attracting industry experts and political and business representatives, the forum plans to welcome more than 350 plus companies and their representatives to discuss the future of Russias largest economic sector.



Times Talk