Friday, December 21, 2012

Russia's Putin says EU energy law is "uncivilized"

Russian President Vladimir Putin on Friday condemned European Union energy legislation as "uncivilised", particularly the retroactive application of new competition rules. 
Russia is the European Union's biggest natural gas supplier, and in turn the European Union is Russia's biggest customer, but relations between the two are frosty. An EU antitrust case against Russian gas export monopoly Gazprom as well as EU attempts to diversify its energy suppliers away from Russia and legislation to encourage competition have particularly angered Moscow. 
Putin was particularly critical of the Third Energy Package of EU legislation to create a single energy market and prevent those that dominate supply, such as Gazprom, from also dominating distribution networks."Of course the EU has the right to take any decisions, but as I have mentioned ... we are stunned by the fact that this decision is given retroactive force," Putin told reporters on the sidelines of a Russia-EU summit in Brussels. "It is an absolutely uncivilised decision." (...)
http://www.reuters.com/article/2012/12/21/us-russia-eu-energy-idUSBRE8BK0WA20121221

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