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124<br />

a Russian company – and, indirectly, the Russian state which has a majority stake in Gazprom – the<br />

access to the European downstream markets. In turn, after years of ambiguity, Western companies<br />

were fi nally refused participation in exploration of the Shtokman gas province in the Barents Sea,<br />

whereas such giants as Shell and ExxonMobil, under the threat of losing their license altogether, had<br />

to de facto concede to Gazprom their projects on the island of Sakhalin. Russia refuses to ratify the<br />

transit protocol to the European Energy Charter, signed in 1994, and in this way impedes the EU’s<br />

access to the energy producers in Central Asia and in the Caspian basin.<br />

Worse, the security of energy supplies from Russia for the fi rst time in history found itself<br />

in jeopardy. The Russian – Ukrainian (January 2006) and Russian – Belarusian (January 2007)<br />

disputes over gas and oil prices, although Russia’s desire to receive the real price for the products<br />

of its exports was absolutely legitimate, resulted in under-deliveries of energy to Europe, which<br />

had negative consequences for Russia’s image as a reliable supplier. Furthermore, the continuing<br />

economic growth in Russia increases the energy demand inside the state and raises questions as<br />

to its ability to fulfi l the demand of European consumers as well. The combination of these two<br />

factors – insecurity of transit and under-production – has already led to the intensifi cation of<br />

Europe’s search for the diversifi cation of energy import, which is mirrored in Russia’s search for<br />

the diversifi cation of export. Even though neither strategy has visibly materialized thus far (and as<br />

mentioned above, limitations are quite serious here), they demonstrate the dissatisfaction on both<br />

sides with the degree of interdependence, which is a warning indicator in itself.<br />

The common neighbourhood has been turned into a constant irritant. After the enlargement<br />

of the EU in 2004 and the launch of the European Neighbourhood Policy including Western<br />

Commonwealth of Independent States (CIS) and Southern Caucasus, the infl uence of the EU in<br />

the post-Soviet space grew stronger. Moscow started to increasingly view the EU as a revisionist<br />

power, trying to squeeze Russia out of its traditional sphere of interests and infl uence and,<br />

possibly, eventually redraw the geopolitical boundaries of Europe, move them, so to speak, from<br />

the Ukrainian-Polish border to the Ukrainian-Russian border. Coincidentally, Russia itself could no<br />

longer be considered a status quo power, as it stepped up the pressure on its neighbours, which<br />

manifested in Russia’s interference in the elections in Ukraine and Moldova in 2004 and 2005<br />

respectively, the import ban on Moldovan and Georgian agricultural products, the earlier mentioned<br />

rise in energy prices etc. And although the EU decision not to open the membership perspective for<br />

the CIS countries should have somewhat calmed down the initial sensitivities, the situation will not<br />

return to the pre-2004 status. The EU cannot disengage, as the security of its new eastern periphery

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