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Nord Stream 2 divides Germany’s allies
Nord Stream 2 is perhaps Europe’s most controversial energy project. In October, the U.S. slapped another set of sanctions on contractors and suppliers building the pipeline, while the pandemic-induced drop in economic activity has further called into question the initiative’s financial viability. Berlin and Moscow now have a significant dilemma on their hands.
Russian rail: Behind the curve
With its vast expanses, its undeveloped areas and its need to connect east and west, one might think Russia would have ample incentive to develop a world-class rail system. But that has not happened, even after it agreed to work with China on an ambitious Moscow-to-Beijing rail project. Bureaucracy, corruption ...
Opinion: The overhauled but directionless Franco-German tandem
When French President Emmanuel Macron and German Chancellor Angela Merkel signed a new Franco-German treaty in Charlemagne’s old imperial capital of Aachen earlier this year, the outcome was underwhelming. The ambitious goals that were set also seem entirely unrealistic, given the countries’ increasing divergence on policy. That means fears of ...
The future of Ukraine’s energy transit status
With a key contract expiring next year, Ukraine’s role in transmitting Russian gas to Europe is uncertain. The planned Nord Stream 2 pipeline threatens to circumvent Ukraine, which has offered lowered gas transit rates to Gazprom if it scraps the new project and allows other exporters to pass through the ...
The many faces of Rosneft
Over the past decade or so, Russian oil giant Rosneft has concluded some eye-popping deals and more than doubled production. But its rapid growth has been based on questionable deals and huge debts. Behind the scenes, its CEO, Igor Sechin, has mastered Kremlin power plays. But his circle of enemies ...
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