12/13 Closing Prices / revised 12/12/2024 21:59 GMT |  12/12 OPEC Basket $73.36 +$0.91 cents 12/13 Mexico Basket (MME)  $66.23 +$1.02 cents   10/30 Venezuela Basket (Merey) $58.30   +$3.39 cents  12/13 NYMEX Light Sweet Crude  $71.29 +$1.27 cents | 12/13 ICE Brent  $74.44 +$1.08 cents | 12/13 Gasoline RBOB NYC Harbor  $2.0 +0.07 % | 12/13 Heating oil NY Harbor  $2.27 +0.05 % | 12/13 NYMEX Natural Gas   $3.28 -5.1% | 12/13  Active U.S. Rig Count (Oil & Gas)  589 + 7 | 12/13 USD/MXN Mexican Peso $20.1257 (data live) 12/13 EUR/USD Dollar  $1.0501 (data live) | 12/16 US/Bs. (Bolivar)  $50.33190000 (data BCV) | Source: WTRG/MSN/Bloomberg/MarketWatch/Reuters

Engaging Putin Exposes Europe’s Dividing Lines -Bloomberg

Russian President Vladimir Putin attends a meeting on economic issues via videoconference on June 7. (Mikhail Metzel/ Sputnik Kremlin)

Bloomberg News

LONDON
EnergiesNet.com 06 08 2022

What’s the point of talking to Vladimir Putin? It’s a question that divides European leaders amid the terrible human and economic costs of Russia’s war in Ukraine.

Advocates of diplomacy stress the need to halt the fighting to save lives and ease a potential global food crisis triggered by Russian blockades of Ukraine’s grain ports. Soaring energy prices as the European Union seeks to break dependence on Russia’s oil and gas add to political pressures at home.

Opponents say engagement amounts to talking to a war criminal whose denial of any invasion plans showed his word is worthless. Why negotiate with a blackmailer?

Key reading:

The tensions are palpable and geographic. French President Emmanuel Macron’s call not to “humiliate” Russia earned rebukes from Ukraine and rueful head-shaking from the EU’s eastern states that remember Moscow’s rule in the former Communist bloc.

Macron has spoken repeatedly with Putin, to little obvious effect. Former German Chancellor Angela Merkel, who warned yesterday that isolating Russia isn’t possible, was also phoning the Russian president to urge a ceasefire until Putin stopped taking her calls, as Arne Delfs reports.

Grain Shipments

Ukraine normally sells more abroad each season than the whole EU

Putin has tied a resumption of grain exports to a lifting of crippling sanctions on his economy. His foreign minister is in Turkey today for talks on restarting shipments. Ukraine wasn’t invited, according to President Volodymyr Zelenskiy.

Russia shows no sign of abandoning attempts to annex parts of eastern Ukraine. The Ukrainian leader says he seeks victory on the battlefield while remaining open to peace talks with Putin.

For the Kremlin, the lesson of Putin’s 2014 seizure of Crimea is that diplomacy eventually lets him keep what he can take.

Berlin Hosts UN Libya Conference
Merkel and Putin at a Libyan peace conference in Berlin on Jan. ​​​​19, 2020.(Adam Berry/Getty)

bloomberg.com 06 08 2022

Share this news


 EnergiesNet.com

About Us

 

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas,
Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com


CopyRight©1999-2024, Petroleumworld.com
, EnergiesNet.com™  /
Elio Ohep – All rights reserved
 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the materia