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 Kakheti Regional Roads Improvement Project for Georgia aims to reduce transport costs and improve access and traffic safety for the Kakheti regional roads.
more »
“Don Quixote – Made in Romania” brought the curtain down on the Cultural Days of the European Central Bank (ECB) 2009, with an expressive combination of tap dance, folklore, pantomime and martial arts.
more »
The Latvian Finance and Capital Market Commission permitted Mr. Vladimir Antonov, who is also the main shareholder of AB Bank SNORAS, to acquire and manage up to 33 per cent of the shareholding of the Latvian bank AS “Latvijas Krajbanka”.
more »
On October 30, the French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius. The company invested EUR 3.5 million into the new factory which is located near the old manufacturing facility to be closed soon.
more »
During the extraordinary general shareholders' meeting of AB Bank SNORAS, which took place on 5th November 2009, it was decided by additional contributions to increase the authorized capital of the bank by more than LTL 88 million.
more »
The French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius.
more »
“Banking Market in the Baltics 2009-2011, CEE Banking Brief” report recently presented by Intelace Research states that, despite the current economic recession, Estonia, Latvia and Lithuania are still among the most advanced banking markets in Central and Eastern Europe (CEE).
more »
The Bank of Lithuania permitted AB Bank SNORAS to include in the second level capital LTL 72.5 million (EUR 21 million) worth emission of termless debt securities distributed via non-public distribution on 31st August this year.
more »
The remit of the Parliamentary Committee set up to examine the financial crisis was debated at its first meeting on Wednesday (4 November).
more »
Europeans can now use direct debit from their home account to pay bills anywhere in the EU.
more »