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Russia will not sign EU energy charter

European News

The European Union has been trying to get Russia to sign an energy charter to ensure Russian supplies to the EU are guaranteed. So far President Putin has resisted EU pressure saying the charter requires modifications. Europe relies for a large part on Russian gas and oil deliveries. It is trying to balance it’s energy needs with criticism on Russia’s human right violations. An EU meeting in Finland produced no results.

Brussels has been pushing for Moscow to sign up to the 1991 agreement amid fears that it is tightening its grip over the EU’s energy supplies but at a summit in the Finnish town of Lahti yesterday (20 October) it came away empty handed.

“We are not against the principles that are included in the charter, but we believe that that certain provisions of the charter should be defined better,” said Mr Putin.

“I am quite confident that we will be in a position to develop common approaches,” he continued referring to discussions between the two sides on renewing a partnership agreement between Moscow and Brussels.

For its part, the EU worked hard on presenting a united front before the Russian president with member states divided over to what extent they should criticise human rights violations and how pragmatic they need to be in light of their strong dependency on gas and oil supplies from their giant neighbour.

CLICK HERE FOR THE FULL ARTICLE AT EUObserver.

Administrator @ October 23, 2006

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