Eurasia

Oil Prices Support Russian Economy

As oil prices surged to another record ($93.56 per barrel), energy analysts said Russia has become a critical player in the world oil and gas market. Richard Herold is director of international affairs of the London-based oil multinational, BP, which has large investments in Russia.

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Communists propose to elect Ukrainian president by the parliament

Ukrainian Communist Party leader Pyotr Simonenko plans to propose constitutional amendments to the Ukrainian Supreme Rada, in accordance with which Ukrainian president is to be elected by the parliament. Simonenko’s statement was released today by the Communist Party press office, a REGNUM correspondent informs.   

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Caspian summit

The five Caspian Sea littoral states adopted a declaration at their second summit on Tuesday in Tehran, pledging to deny access to third countries who intend to use force against any Caspian state.

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Oil in its peak as Turkey pushes for Cross Border Operation

  Oil hit a record over $84 a barrel Friday on mounting tensions between Turkey and northern Iraq and lingering supply concerns ahead of the Northern Hemisphere winter. US crude rose 68 cents to $83.76 a barrel after trading up to a record $84.05 a barrel earlier. London Brent crude …

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