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Originally posted by ModernAcademia
Moscow’s move seeks to pressure Belarus into ceding its oil-processing plants to Russian companies, such as Rosneft and Lukoil. That goal forms part of a wider intention to “privatize” the economy of Belarus through Russian state-connected oligarchic entities. Lukashenka has resisted thus far.
Belarus currently transports a whopping 70 million tons of Russian crude oil per year through the HomelTransnafta pipelines
keeping in mind that this is the Georgiandaily, pretty interesting nonetheless.
Russia wants to put a hefty hefty tax on exported crude oil from Belarus.
This will drive prices up while Belarus's refineries are at low prices.
Russia will soon own Belarus refineries
An unnamed Russian company is close to buying control of one of Ukraine's largest steel groups, Industrial Union of Donbass, The Financial Times reported on Wednesday.
The group could be sold later this month in a deal valuing it up to $2 billion, with Russia's state-run Vnesheconombank playing a role in the acquisition, the paper said.
Ukraine Says Pays $900 Mln Russian Gas Bill on Time
KIEV (Reuters) - Ukraine paid in full and on time its last monthly bill of 2009 for Russian gas, state energy firm Naftogaz said on Wednesday, referring to the steepest payment it had to make for that year worth almost $900 million (562 million pounds).
Originally posted by Angiras
The poor Ukranians. They caught the absolute worst of WWII, because of their geographical position between Russia and Germany, and even before that (1932-33) they faced their own starvation holocaust (holodomor) at the hands of the Stalin regime. The Ukranians, especially in the western Ukraine, have no love of Mother Russia, but in many ways they remain dependent on Russia, and will likely be re-absorbed in a resurgent Russian empire before too long--if not by choice, then by force.
[edit on 6-1-2010 by Angiras]