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Showing posts from December, 2014

Russia's Strategic Shift To East Continues: Now India

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“ The steadfast support of the people of Russia for India has been there even at difficult moments in our history. It has been a pillar of strength for India's development, security and international relations. India, too, has always stood with Russia through its own challenges. The character of global politics and international relations is changing. However, the importance of this relationship and its unique place in India's foreign policy will not change. In many ways, its significance to both countries will grow further in the future.” ( Indian Prime Minister Narendra Modi) R ussia and India made 20 deals in 24 hours (on 11 th Dec. 2014) given $100 billion-worth boost to their economies. The economic burden of Western sanctions has pushed Russia to the east in search of business opportunities. During President Vladimir Putin’s visit to India in the presence of he and Indian Prime Minister Narendra Modi 20 pacts were signed and the two sides ended with US$100 ...

Is South Stream Pipeline Transforming Itself To "Turk Stream"?

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“ We believe that in the current conditions Russia cannot continue with the realisation of this project [South Stream].” (Vladimir Putin) R ussia's $40 billion South Stream gas pipeline project came to reach a standstill on Monday 1 st Dec 2014 when, as the WSJ reports , Russian President Vladimir Putin said: “We couldn’t get necessary permissions from Bulgaria, so we cannot continue with the project. We can’t make all the investment just to be stopped at the Bulgarian border. ”  The main reasons for halting the South Stream are plunging energy prices, stalling European demand, interpretation of the European Commission that all bilateral agreements (IGAs) for the construction of South Stream are all in breach of EU law and mostly the political standoff between the European Union and Moscow over the crisis in Ukraine. The announcement on scrapping South Stream came during a visit by Russian President Vladimir Putin and Gazprom chief executive, Alexei Miller, to Turke...