By Gwynne Dyer - With due apologies to God, Voltaire and the Ukrainians, I must point out that if Ukraine did not exist, it would not be necessary to invent it.It is not a great power, it has no resources the world cannot do without, and it is not a “vital strategic interest” to anybody except the Ukrainians. Not even to the Russians, although they are acting at the moment as though it were.
Russia staged a huge May Day parade on Moscow's Red Square for the first time since the Soviet era with workers holding banners proclaiming support for President Vladimir Putin after the seizure of territory from neighboring Ukraine.
Russian President Vladimir Putin said he doesn't think the European community can do without the natural gas it gets from energy monopoly Gazprom. With a Russian economy starting to decline, however, it may be Gazprom that's too strongly interconnected to the European market to break free.
As protests in Ukraine's eastern region turned violent on Sunday leading to the death of a Ukrainian security officer in a shootout with pro-Russian militia, Kiev threatens military action while Moscow flexes its geo-economic warfare muscles.
By Robert Bensh of Oilprice.com - There is only one certainty in Ukraine: The energy sector must and will be transformed, and how long this takes will depend on who ends up in the driver's seat and how serious they are about becoming a part of Europe and reducing dependence on Russia. But by then, investors will have missed the boat.
By James Stafford, Oilprice.com - Having ridden roughshod over Ukraine, Russia's annexation of the Crimea is now over and a new chapter in Ukrainian politics is about to begin—but it won't be much different than the last chapter, with the same old faces surfacing for May presidential elections.
The UN resolution condemning the annexation of Crimea by Russia which was voted on Thursday at the general assembly showed Latin America (and Mercosur) divided on the issue. The non binding resolution sponsored by Costa Rica and the western powers received 100 votes, with 11 against and 58 abstentions.
US President Barack Obama has told the European Union it cannot rely on the United States alone to reduce its dependency on Russian energy, as relations with Moscow chill over its seizure of Crimea from Ukraine.
Russia’s Vladimir Putin called President Cristina Fernández and praised Argentina’s position against the “double standard” of world powers in the resolution of international conflicts. The Argentine leader appealed to the examples of Crimea and the Falkland Islands' referendum in her statements last week in France.
With a display of fireworks in Moscow and Crimea, President Vladimir Putin has signed a law formalizing Russia's takeover of Crimea from Ukraine, despite fresh sanctions from the EU and the US. The European Union's latest measures target twelve people involved in Russia's annexation of the peninsula.