The European Union has held informal talks with Russia on its long-sought aim to have Russian oil exports priced in euros
Published:
19 October 2003 y., Sunday
The European Union has held informal talks with Russia on its long-sought aim to have Russian oil exports priced in euros, European Commission President Romano Prodi said on Friday.
"Russia is given its own national interest drawn to having its imports and exports denominated in euros," Prodi told a news conference after an EU summit in Brussels.
But Russian Prime Minister Mikhail Kasyanov said his government would not force the market’s hand. He said it was up to exporters to decide if they should to stick to the dollar or buck the international energy markets and price oil in euros.
President Vladimir Putin, travelling last week in Russia with German Chancellor Gerhard Schroeder, said he would not rule out denominating oil exports in euros. The remark raised hopes a long European campaign to make the euro a common currency in the region’s energy markets might come to fruition and brought a favourable response from European Central Bank President Wim Duisenberg. "I think it is a good idea for the euro as an international currency,"
But Putin’s remarks may have been less a promise than a new bargaining chip in tough talks with the European Union on Russia’s bid to join the World Trade Organisation, blocked by Brussels, in part, over what it sees as unfair gas pricing.
Šaltinis:
jang.com.pk
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Today, the Commission published a Communication which outlines the most serious tax problems that EU citizens face in cross-border situations and announces plans for solutions.
more »
The European Commission has opened a formal investigation under EU state aid rules to examine a number of support measures, including several capital injections and shareholder loans, that the Hungarian authorities granted to Malév-Hungarian Airlines in the context of its privatisation and subsequent renationalisation.
more »
Internet and lax customs enforcement drive growth of 600 billion US dollar counterfeit goods industry.
more »
350 million people rose out of poverty in the past decade, but 1.4 billion are still extremely poor, says the latest report into rural poverty.
more »
New plan sets out action to reach 75% employment target for the EU by 2020.
more »
Research Ministers of the EU Member States and Associated Countries, together with the European Commission, are announcing in Brussels today three new pan–European energy research infrastructures.
more »
Algirdas Šemeta, Commissioner for Taxation, Customs, Audit and Anti-fraud, is visiting Moscow today to discuss ways in which customs cooperation between the EU and Russia can be reinforced.
more »
Following on from Monday's debate with ECB President Jean-Claude Trichet, MEPs on Tuesday adopted a resolution, by a show of hands, gauging the ECB's performance in 2009 and suggesting actions to be taken in view of the economic situation.
more »
The European Parliament today approved €10.5 million in European Globalisation Adjustment Fund aid to over 3,000 people in the Netherlands who lost their printing and publishing sector jobs last year, due to the economic crisis.
more »
A diamond-studded gold coin engraved with a picture of the Taj Mahal and worth 100,000 euros is unveiled at the Paris mint.
more »