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Reviews of the press
  Energy of Bilateral Cooperation

2007 06 28

Mutual relations between the European Union and the Russian Federation in the sphere of trade and economics should be moved away from the critical point they are at the moment. However, projection of constructive and targeted towards the future relationship should not be based on the principle of ‘at any cost’ – this is the approach of the Commission of the EU Parliament on International Trade, which was going to be discussed on 19 June.

As it has been noted in the Report, approved by the Commission on International Trade, Russia remains the most important economic partner of the EU.

From the point of view of the members of the European Parliament, an important step for both parties of the process is the joining of the Russian Federation into the WTO (World Trade Organisation).

The Report has also underlined that relations of the Russian party with the Baltic partners have frequently become rather discriminatory, and expresses concern regarding the fact that the Russian Federation is currently taking measures of commercial-economic policy for the achievement of internal political goals and objectives.

Touching the topic of the energy policy the deputies of the European Parliament have stated that the steps taken by the EU in this direction shall be mutually interlinked, and what is most important - directed towards taking efforts to avoid energetic dependency of Europe from Russia. The current situation, however, indicates movement towards this direction: about one third of the oil import and one half of the gas import account for the share of Russian suppliers.

A special paragraph in the Report was devoted to the topic of commercial relations with the countries of the Baltic region, and in particular, between the Russian Federation and the Republic of Latvia: authors of the document are inviting to address the issues of queuing lines on the Latvian-Russian border, to improve the facilities and support the establishment of another cross-border point as with the help of European as the Russian funds.

Material has benn prepared by the Centre For Geopolitical Research with reference to the article in "The Young People of Estonia" of 16 06 2007

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