While an insecure cease fire in Eastern Ukraine is according to some media reports feared to break any day, it becomes more and more obvious that the relationship between Russia and the West – especially Europe(!) – has suffered a negative blow back that will last for years. Economical relations are already now struck by … Continue reading The Ukraine-conflict and TTIP
France stopped the delivery of the Mistral-class helicopter carrier Vladivostok to Russia as a result of the recent developments in Ukraine. The Vladivostok is one of two advanced helicopter assault carriers that France agreed to build and sell to Russia in 2011. The total volume of this deal is 1.2 billion euros. In early summer … Continue reading Sanctions hitting French arms industry
How long would Europe’s gas reserves last if Russia would stop delivery of gas? – This is a question which the Institute of Energy Economics at the University of Cologne (Germany) has investigated in a study. Parts of the results have been published together with an interactive map by German news magazine “Der Spiegel“. The … Continue reading Europe’s dependency on Russian gas
While fighting in Ukraine goes on and Ukraine government forces are on retreat, it becomes clear that the war for New Russia (Novorossiya) already has and will have wider geopolitical consequences. According to media reports there is strong evidence that Russian army personnel and equipment is active on Ukrainian territory. A Russian tank battalion allegedly … Continue reading Ukraine-conflict – the wider consequences
As a result of the latest developments in the Novorossiya-conflict, the EU discussed today in Brussels the implementation of so called phase 3 sanctions on Russia. Initial decisions were said to be made already this Saturday. According to media reports however no concrete decisions were made, but steps are still being planned. The representatives of … Continue reading New round of sanctions coming?