Tagged: Putin

Russia’s Energy Bully Takes a Fall

By Alexandros Petersen

First published by Foreign Policy on May 6, 2013

After years as Eurasia’s energy bully, Russia’s state-controlled natural gas monopoly, Gazprom, is getting a taste of its own medicine. Even as Gazprom seeks to build the tallest skyscraper in Europe as its new headquarters in St. Petersburg, pressure from Russia’s neighbors led to a 15 percent decline in the company’s profits last year, eating into the state budget. Moscow’s single-minded focus on gas exports in an effort to become, in the words of President Vladimir Putin, an “energy superpower” has crippled its ability to adapt to profound changes in the global energy landscape — from the shale gas revolution in North America to the dynamism of new market players such as Azerbaijan. Having spent the last decade making enemies in Central Europe and Central Asia, Gazprom and Russian decision-makers are now reaping what they have sown. Continue reading

Russia’s Eastern Anxieties

An outpost of the China Road and Bridge Corporation (CRBC) responsible for repaving the Southern Transport Corridor highway in Kyrgyzstan from the city of Osh through Sary Tash to the Irkeshtan border with China. Photo by Sue Anne Tay.

By Raffaello Pantucci and Alexandros Petersen.

First published in the International Herald Tribune (IHT), October 17, 2011.

BEIJING — Traffic around Tiananmen Square was even worse than usual last week as President Vladimir Putin rolled through town to cement the supposedly flowering Chinese-Russian relationship. A series of high-level deals were signed between Chinese and Russian state-owned enterprises and China announced a substantial infusion into the new Russian Direct Investment Fund.

While cordial, an unspoken undertone to the meetings was Russian concern about growing Chinese influence in the former Soviet Union and particularly Central Asia.

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