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
The mission held constructive discussions with Prime Minister Emmanuel Nadingar, Finance Minister Gata Ngoulou, Infrastructure Minister Adoum Younousmi, and other senior officials.
more »
The EBRD is helping to improve the quality of power supply and stimulate renewable sources of energy in the Caucasus with an €80 million sovereign loan to Georgia for the construction of a new high voltage transmission line - the Black Sea High Voltage line, which will interconnect Georgia and Turkey.
more »
The EBRD is helping to improve the infrastructure of the Georgian capital, Tbilisi, with a €100 million loan for the construction of a new railway route bypassing the city.
more »
One of the men considered to be the founding fathers of the euro currency met MEPs on the Foreign Affairs Committee Tuesday (16 March) to talk about transatlantic relations.
more »
European Trade Commissioner Karel De Gucht today opened a conference focused on the European Union's trade policy towards developing countries.
more »
At the beginning of the 2000s, state ownership in financial intermediation in Mexico accounted for about 20 percent of the total credit of the banking system, provided through development financial institutions and funds.
more »
Halving the number of business failures by offering individual support, doubling the number of young people who want to start their own business or raising by 500% the number of enterprising new cooperatives are just some of the projects nominated for the European Enterprise Awards 2010.
more »
The European Commission has published the fourth call for proposals for the creation and upgrade of freight transport services under the second Marco Polo programme.
more »
The European Central Bank (ECB) today announced a programme of technical cooperation with the Central Bank of Bosnia and Herzegovina, in collaboration with a number of euro area national central banks (NCBs).
more »
The EU disbursed today €1 billion to Romania, the second instalment of a €5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package.
more »