#AceFinanceNews – BERLIN – September 26 – Russia wants to resolve the gas pricing dispute with Ukraine and has made a number of constructive proposals to tackle the problem which have been rejected in Kiev, Energy Minister Alexander Novak said in newspaper comments on Friday.
Asked whether there were chances for a compromise, Novak told Germany’s largest business and finance daily, Handelsblatt: “We are interested in it anyway.”
The minister said the parties already had eight rounds of talks on the dispute and Russia made some constructive proposals for pricing and the settlement of Ukraine’s debts.
“But Ukraine rejected them all,” Novak was quoted as saying.
Russia-Ukraine-EU gas talks
Russia, Ukraine and the European Union are scheduled to hold a trilateral gas meeting in Berlin on September 26.
Taking part in the consultations will be the EU outgoing energy commissioner Guenther Oettinger, Russian Energy Minister Alexander Novak and Ukrainian Energy Minister Yuri Prodan.
The focus will be made on Russian gas supplies to Ukraine and issues of energy security, a spokesman for the EU commission representation in Berlin told ITAR-TASS.
The key task of the talks is to ensure uninterrupted gas supplies both to Ukraine and the European Union in the coming winter
#AceFinanceNews – BERLIN – March 28 – Germany’s chancellor has emphasised the need to develop relations with Russian companies despite the country’s position on Crimea.
“Angela Merkel would like economic contacts to continue in future,” the German government’s spokeswoman, Christiane Wirtz said on Friday- itar-tass.
Investments should be made under reliable framework conditions, she said.
Earlier reports said the head of Germany’s state railway Ruediger Grube was planning to visit Russia in the middle of April.
Grube has regular meetings with the Russian Railways leadership, the German company says.
Russian News and Media Sources
#AceFinanceNews – BERLIN – March 27 – German Chancellor Angela Merkel has said the crisis around Ukraine should be resolved by political means without imposing economic sanctions on Russia.
Merkel said in Berlin on Wednesday after talks with South Korean President Park Geun-hye that the West “has not reached a stage that implies the imposition of economic sanctions” on Moscow.
“And I hope we will be able to avoid it,” she said. “I am not interested in escalation. On the contrary, I am working on de-escalation of the situation.”
German experts say economic sanctions against Russia that Western countries could impose for Russia’s position on the situation in Ukraine and Crimea would negatively affect Germany’s economy.
The German-Russian trade in 2013 totalled 76 billion euros; some 6,000 German companies do business with Russian enterprises; the overall volume of their investment totals 20 billion euros. Some 300,000 jobs in Germany depend on the country’s economic relations with Russia.
Earlier Wednesday, Russian Finance Minister Anton Siluanov commented on ratings agencies’ actions to revise the outlook on Russia’s sovereign rating.
“At present, the investors’ worries are connected with the consequences of sanctions. We see ratings agencies lower the outlook on Russia’s ratings.
It certainly puts us on alert. There are no basic grounds for changing the general stability of Russia’s economy,” Siluanov told the Rossiya 24 TV channel.
#AceFinanceNews – BERLIN – Philipp Missfelder, the foreign policy speaker of the Christian Democratic Union-Christian Social Union (CDU/CSU) parliamentary group in the German Bundestag, has warned against introducing large-scale sanctions against Russia.
“In imposing sanctions we should make sure that they will not backfire,” Missfelder said on Monday in an interview with Germany’s Suedwestfunk radio station.
“It probably makes no difference to the American people and the American society,” he said. “However, they do not maintain such trading relations as Germany and Russia traditionally do.”
Missfelder added that the British government was also sceptical about sanctions “given that London’s finance sector gained a big profit from Russian money and Russian capital, whether in real estate or monetary contributions”.
#AceFinanceNews BERLIN – E.ON Concern head Johannes Teyssen urged politicians to take a responsible position due to the crisis in Ukraine.
From 2007 E.ON Concern invested about six billion euro to develop business in Russia.
In an interview with Spiegel on Sunday, Tayssen said, “I don’t want to interfere into foreign political issues. I believe that in the last 10 years our policy in the East can be considered responsible.” “Trust-based relations between both countries and interrelations between our economies allowed over 6,000 German companies to operate in Russia,” the E.ON Concern head said, adding “Russian companies also operate in Germany.” “Cooperation between our countries made the situation on the continent peaceful. While cooperating with Russia we survived the Cold War, the war in Afghanistan,” he said. However, Teyssen said, “Business relations remain good. I believe that politicians should take a responsible position under the current circumstances.” Despite the crisis in Ukraine “I don’t see any threats to prevent the work of E.ON Concern in Russia. The Russian government pledged to guarantee stable framework conditions for private capital and investments and it kept its promise”, he said. Russia can use its energy resources as pressure on Europe, Teyssen said. “I can’t hear rumours on dependence. For more than 40 years Europe and Russia maintained energy partnership. Gas has never been used as a strategic weapon against the West.” Russia continues gas supplies and “it is a reliable gas partner”, Teyssen said. #AFN2014
#AceFinanceNews – BERLIN, German Chancellor Angela Merkel said she did not expect Russia to restrict gas supplies despite the crisis in Ukraine.
“We have signed agreements. Until now, Russia has supplied gas,” the German chancellor said in an interview with Passauer Neue Presse.
“Even in the times of the Cold War, Russia was a reliable supplier,” she said, adding that “Russia has its own economic interests.”
“We receive 35% of gas from Russia, and this does not make us dependent,” Merkel said.
20090113 bankruptcy-01 (Photo credit: Wikipedia)
Bank (Photo credit: 401(K) 2012)
A strange title some would say but the sheer fact that Spain has been able to hide these huge amounts of debt, for many a year! Is staggering to say the least!
I have been following this and many more stories on the Euro Zone paying special attention to the amounts being requested and asking myself, is that what they really need! Or what they say they want!
As numerous discussions have taken place with bankers and treasury ministers l have come to the conclusion the ” left hand does not know what the right hand is doing” ! So let us consider the right-hand, this we will call the bankers or treasury ministers who for years have so-called looked after their people’s money! One day it all changes with a new buzz word ” Bailout Fund” a way for any Euro Zone country to get money to pay off their debts! Wow free money, with very few strings attached just impose austerity on the people whose money you squandered, make them pay, for your incompetence! While you continue to provide the same inept services you always did making sure you get a nice big pay rise to boot!
These figures l provide in the part below this statement are what l personally overheard Spain’s banking minister say when interviewed on 3 separate occasions until last night when Catalonia said we have just enough money for one more month! Well here are the figures –
When the likelihood of a bailout emerged only a short while ago it was just a figure of 23 trillion Euro’s it rose by miscalculation after miscalculation from 46 to a figure of 100 trillion! Last night it was revealed that this was only earmarked for the banks! In fact this will not be enough to bail out the country, this is nearer 350.00 trillion!
So my conclusion is that any country through sheer incompetence gets in a financial mess and are a member of the Euro Zone countries, just cry bailout and make the people pay!
Just one more thing who or what is the left-hand ,well l said in the beginning the ” right hand does not know what the left hand is doing” well the right hand is the bankers and treasury officials! So the left hand must be all the rest of us, who are so blinded by what we are told is all being provided to help our economy grow! Of course prosperity does not come from borrowing more, austerity measures or getting people to spend more, that is cap-it-all-ism!
True prosperity comes like a rich tapestry of life from good honest hard work, good honest people and most of all the faith in oneself to do the best they can for their fellow-man and woman! Not from under-hand and under the counter wheeling and dealing by putting profit before people.