• For Russia challenging the US self-proclaimed 'sphere of influence' in Venezuela is a very cheap gamble, says our security expert Mark Galeotti. An airplane with armed men, a couple of threathening statements, and flexing of some muscles is all it costs. Rosneft investments in the Venezuelan oil industry could suffer. But that is probably an affordable loss and shrewd political calculation.
  • Higher oil prices, state investment and Central Bank interventions have maintained a relative stability in the Russian economy

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  • Politics is politics, but money is money. Three years after the adoption of the EU Energy Security Strategy in Brussels not much has changed.

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