Russia

Russia is Harnessing its Energy Potential to Regain its Former Glory

Russia's energy potential is undeniably playing a significant role in its geopolitical and economic revival. Viewing energy as the major source for its growth, Russia is modernizing and diversifying its energy sector. It has been playing a significant role in supplying energy to many countries of the world. It has performed its role consistently and reliably during the past many years and is expected to do so in the foreseeable future as well.

Resurgence of Russian Economy

With its economy in a resurgent mode, Russia seems set to regain its traditional influence and power. But in tune with the popular Russian saying that "the bear is still licking its wounds," Russia has to overcome a number of obstacles to sustain its economic growth. Russia's economic resurgence has been made possible by a combination of factors: strong leadership and firm handling of the transition to a free market economy, integration into the world economy, the growth in oil and gas production and increasing oil revenues due to rising prices.

Overfed Europe, Underpaid Russia: Beginning of a New Energy Cold War?

Russia is on the move to become an energy superpower by spreading its influence deep into Western and Eastern energy markets. Possessing the largest reserve of natural gas in the world, Russia's domestic and foreign policies have now come to be largely determined by the energy factor. Apart from the already existing market in the West, Moscow's plan to explore Asian markets was welcomed by the major energy consuming countries such as China, Japan, and the Koreas in the East Asian region.

Strategic Predominance and Open Market Access: The Twin Pillars of Russia’s Policy in the Central Asia-Caspian Sea Region

As the Russian thinking on its near abroad is crystallizing in the wake of the US withdrawal from Uzbekistan's Karshi-Khanabad airbase in late 2005, it appears that Moscow is aiming at strategic predominance in Central Asia and the Caspian Sea region, though it seems ready to accept the reality of free market dynamics. But the fact of the matter is that Moscow has neither the will nor the resources to single-handedly resolve all the problems of the impoverished former Soviet republics of the region.

Russia-Iran Nuclear Connections

Russia's concern over Iran's nuclear programme is increasing with every passing day. Iranian authorities are showing un-willingness to accept Russia's proposal to enrich uranium in Russian territory. Russia is trying to resolve an international crisis over Iran's suspected nuclear weapons programme, though its position on Iran has rhetorically moved closer to the European "Troika" (France, Germany, UK). Russia agreed to Iran's referral to the UN Security Council on the condition that the council would take action only after the March 6 IAEA meeting.

The Russia-Ukraine Gas Dispute

The dispute over the price hike for Russian gas deliveries to Ukraine was settled on January 4, 2006 , when Russian energy giant Gazprom and Ukraine 's state oil and gas company Naftogaz reached an agreement on the supply of Russian natural gas to Ukraine through a joint-venture company Rosukrenergo. It focused international attention on Russia 's current policy shift and the mechanisms of its implementation.

India’s Balancing Role in the Central Asian Power Game

In 2001, Uzbekistan opted to become the linchpin of US policy goals in Central Asia. It was then argued that Washington would guarantee the nurturing of geo-political pluralism in the region. This was viewed against the backdrop of the historical ascendancy of China and the imperial decline of Russia. Much has happened since then. Today the US is facing a deadline to quit its airbase in Karshi-Khanabad (K-2), set up in the immediate aftermath of 9/11, because of Tashkent’s suspicion that Washington had plotted the revolt in Andijan on May 13, which led to a bloody massacre.

Import of 9/11 Against Beslan Backdrop

Beslan, till recently an unknown small town in Russia, has become the latest ‘victim-symbol’ in the global pattern of terrorist violence. The manner in which innocent young children were slaughtered on September 3 marks a reprehensible low even by the standards of the terrorist. The death toll at the time of writing this comment is in excess of 350 and still climbing. The shocking and gruesome Beslan images that repeatedly screamed across millions of television screens the world over were reminiscent of the enormity of 9/11 three years ago.

Energy and Security in a Changing World

The centre of gravity of global economic growth is rapidly shifting to the Asian continent. The transition is led by China and India which have propelled themselves onto a robust growth trajectory to be fuelled by affordable energy supplies. These developments have been accompanied by a fortuitous but significant growth in the sources of global energy supply, thanks to the re-emergence of Russia as the new petrostate and the discovery of substantial energy deposits in the Caspian and Central Asian Republics.