Wednesday, June 20, 2007

Nations seek to offset Russia's clout

Leaders of four ex-Soviet nations on Tuesday met to discuss ways to counter balance Russia's influence in the Caspian and Black Sea basins. The summit is the first for the organisation called GUAM Organisation for Democracy and Economic Development, since its four members Georgia, Ukraine, Azerbaijan and Moldova, agreed last year to deepen ties and cooperation.

Over the past few years, Russia has cut energy supplies to Ukraine and Belarus over price disputes, temporarily halting supplies to Europe. The US And European Union officials have spoken of the need to reduce dependence on Russia's energy exports and publicly backed GUAM. Officials from GUAM member states have denied that the organisation is anti-Russian, but three of the four members have had serious trade or other disputes with Moscow, and Russia is deeply enmeshed in unresolved separatist conflicts in Georgia and Moldova. [More]

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