International Internet Magazine. Baltic States news & analytics
Saturday, 27.08.2016, 14:34
There is a striking paradox in Washington's policy on European natural gas markets. US diplomats are undertaking tireless efforts to prevent Russia constructing new export pipelines, arguing these massive projects will deprive Ukraine of billions of dollars in annual revenue from transit fees, which could wreck the struggling country's economy. At the same time the United States continues to preach the mantra of energy efficiency and supply diversification, both of which will help reduce reliance on Russian gas in Eastern Europe. Washington wants to help end Ukraine's dependence on Russian gas, yet it is fighting to keep Kiev dependent on Russian gas income. This is not only contradictory, but it is the wrong way to go about helping Ukraine and the wrong way to advance European energy security and integration in the long run.
Keyword tags: Direct Speech, Economics, EU – CIS, Gas, Gas Market , Russia
KVV Group will turn to an international court over insolvency proceedings started against the metallurgical company KVV Liepajas Metalurgs, as KVV Group's press secretary Natalya Napadovkaya told LETA.
The Bank of Italy said on Tuesday it had started proceedings to shut down the Italian branch of Latvian PrivatBank after finding breaches of money-laundering regulations, LETA news agency reported accordin to Reuters information.
Alma LLC, a subsidiary of Latvian IT wholesaler Eko Grupa, has received a loan worth one billion Russian rubles (EUR 13.39 mln) from VTB Bank, accordging to Elko Grupa’s statement to the Nasdaq Riga stock exchange.
In July 2016, Latvian natural gas utility Latvijas Gaze has raised gas tariffs for industrial consumers by 2.6-4 % from June, still the tariffs will be by 25 % lower than a year ago, Latvijas Gaze reported, cites LETA.
In January-June 2016, freight shipping by rail in Latvia dropped by 19.8% from the same period a year ago to 24.1 mln tons compared to the respective period last, the state-owned Latvijas Dzelzcels railway company reported, cites LETA.
12-14 of July 2016 at the National Exhibition Complex Uzexpocentre in Tashkent will be held 1st International Fruit and Vegetable Fair.