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EU Commissioner of Energy doubts the necessity of Nord Stream II
The European Union doubts the economical necessity of Gazprom’s Nord Stream II project, as stated by the European Commissioner for Energy, Maroš Šefčovič, during the Ukrainian Energy Forum, as reported by a European Pravda correspondent.
“It is a private project which provides for the expansion of Russian gas transit through the Baltic Sea. However, why does the European Union need the additional gas transit capacity if the current gas transportation system is only running at 50% capacity? …
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Russian representative to the EU hopes that sanctions will be lifted this summer
A scenario where sanctions against Russia will be ‘eternal’ is contrary to the basic economic interests of the countries of the European Union, said Russia's Permanent Representative to the EU, Vladimir Chizhov.
Russia's permanent representative to the EU, Vladimir Chizhov, expressed hope that sanctions against the Russian Federation will be lifted in the summer 2016.
"I think at some point, the sanctions will be simply lifted, hopefully in the summer. To expect a solution that would allow …
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General Breedlove recommends providing Ukraine with weapons
Speaking at a hearing of the US Senate’s Armed Services Committee, NATO’s Supreme Allied Commander for Europe, General Philip Breedlove, said that he had recently recommended that the US provide Ukraine with lethal weapons.
On Tuesday, March 1st, Breedlove stated that Europe is facing a "resurgent, aggressive Russia" that is seeking to reestablish a leading role on the world stage.
"Russia has chosen to be an adversary and poses a long-term existential threat to the United States and to our …
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Ukraine and IMF have not yet agreed on updated memorandum on cooperation
According to the Deputy Finance Minister of Ukraine, Artem Chevalier, Ukraine and the IMF have not yet agreed on the updated version of the memorandum on cooperation. This memorandum would detail the provision of new loans for Ukraine.
After a press conference in Kiev, Chevalier said that “we do not have the updated version of the memorandum yet”.
He also did not give a possible date for resuming Ukraine’s cooperation with the fund. In response to a question about the nature of the possible …
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Turkey expresses its support for Southern Gas Corridor
At a conference to review the results of the second meeting of the Advisory Board of the Southern Gas Corridor in Baku, the Minister of Energy and Natural Resources of Turkey, Berat Albayrak, stated that “the Southern Gas Corridor is an essential project in ensuring energy security.”
According to him, Turkey strongly supports the implementation of the Southern Gas Corridor project, as reported by Trend.
He also thanked Azerbaijan for arranging the meetings for the Advisory Board of the …