Friday, December 22, 2006


Trust Canada's Globe & Mail to run this headline: Kremlin scores another victory with Sakhalin energy deal as if the thuggish tactics Putin used to wrest control of Sakhalin from investors was a triumph of sorts. Maybe it was if you consider the takeover of AO Yukos Oil Co by the Kremlin a similar success story.

This is another blow to the delusion of the EU that they would be partners with Russia in any number of projects. Just as no legitimate business would willingly partner with the mafia, the EU is either corrupt to the point of collusion or desperate to the point of indifference in making Russia the primary source of oil and gasoline for the EU. I am guessing it's the former.

But it's wonderful to note that the ecological problems are now solved with the change in ownership. Tass says so.

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