Carnegie Europe: for the sake of business with Russia Europe forgets about Ukraine

The agreement reached by Gazprom in Eastern economic forum in Vladivostok, proves that European organizations do not wish to leave the Russian Federation, the analyst writes Judy Dempsey.

for its part, Gazprom, in the opinion of the analyst seeks to establish closer contacts between Russia and lucrative European energy market. In addition, the prisoners in Vladivostok agreement confirmed the commitment of the capital of Russia to end the image of Ukraine as the main transit country of Russian gas to the EU, adds Dempsey.

in her expressions, in the process of the Eastern economic forum concluded 3 especially the main contract between Gazprom and its European partners. For example, it signed a contract design organization New European AG Pipeline the gas pipeline " Nord stream - 2 ". The shareholders will include Gazprom (51%), E. On, Shell, OMV, BASF/Wintershall (10%) and Engie (9%)

Another important transaction concluded in Vladivostok, was the revival of assets between Gazprom and Wintershall, the energy division of the German BASF, says Dempsey. BASF at the time stopped the implementation of this Treaty in the early winter of 2014 due to the annexation of Crimea to Russia and events in Ukraine, she says.

The third significant agreement reached in Vladivostok, will entail the Austrian OMV in the creation of oil and gas fields of Urengoy, adds analyst at Carnegie Europe.

"Together, these agreements show that the major European energy companies want to return to normal business with Russia, despite the ongoing conflict in Ukraine and punishment of the EU towards Russia," says Dempsey.

Russia needs more technology and reliable markets of Europe, she said." Europe too best for the Russian Federation to ignore her.


sections: Politics