This is an outstanding article which in comparison to the western corporate press on subject of the South Stream deftly puts the shoe on the other foot. Putin’s back? He never left!
Up until now, I have thought the financial collapse likely would come sometime in February. In light of the breaking news today – and the information in this report, I have to wonder if it won’t come shortly after the first of the year. Of course, who am I? ~J
The reaction to the cancellation of the Sound Stream project has been a wonder to behold and needs to be explained very carefully.
In order to understand what has happened it is first necessary to go back to the way Russian-European relations were developing in the 1990s.
Briefly, at that period, the assumption was that Russia would become the great supplier of energy and raw materials to Europe. This was the period of Europe’s great “rush for gas” as the Europeans looked forward to unlimited and unending Russian supplies. It was the increase…
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