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publicly significant functions and status of a strategic state-controlled entity, vested inaccordance with the laws of the Russian Federation".In other words, Gazprom has clearly defined that it is the company with a statebehind its back and that it performs nationwide scale functions. It was an indirectthough quite straightforward indication of the fact that from this moment the EuropeanCommission will have to deal with the authorities of the Russian Federation. It is like inchildren's conflicts, when children bully a boy and this boy begins to claim that he hasan elder brother who is an expert boxer who will come to his aid if they don’t stop.And “the big brother” appeared immediately. The Russian government respondedimmediately with support for its core budget donor, who’s basic income comes primarilyfrom the European market.On September 5 th 2012, Dmitry Peskov, the press secretary of the RussianPresident, questioned the validity of the claims by the CEC, saying, according toBloomberg 9 , that “it’s not clear why this suddenly has become a subject forinvestigation. Why is there this assertion of a violation of the security of supplies?Because Gazprom was, is and will be a reliable supplier of natural gas to itscustomers?”On September 9 th 2012, the President of the Russian Federation Vladimir Putinresponded to the actions of the European Commission personally in the course of theAPEC summit in Vladivostok. He was saddened by the measures of the EuropeanCommission, taken towards Gazprom, but he said that he didn't consider suchrelationships as some kind of a "trade war.""I don’t agree with such assessment of relations with the EU. We have a verygood and constructive relationship, not a kind of combat, not a trade war," - said thePresident, responding to the question, received from a journalist, calling the relations ofthe Russian Federation with the EU "the state of Trade Cold War". "The measuresagainst Gazprom are not new in any way. The raids in some foreign facilities of9 http://washpost.bloomberg.com/Story?docId=1376‐M9U0JN07SXKY01‐6HKOJBL55I8H02MCV3LGGFS85U5
Gazprom were made in the last year. It is the second step in the same direction and weare sorry for what is going on" – emphasized Mr.Putin. "United Europe wants to retainits political influence and it wants us to make a little payment for this. It is not aconstructive approach," - he said, according to RIA Novosti 10 .Mr. Putin recalled that during the USSR times, gas was supplied to EasternEuropean countries (at that time the members of the COMECON – A.K.) at non-marketprices. “And later, during our time, we have transferred to the market relations with thesame states and to the market-based pricing. I think that we should stay on the basisof today’s realities. And contemporary Russia has not undertaken and would notundertake any incremental obligations related to non-market regulation of the economyof these states”, underlined Mr. Putin. According to him, gas pricing principles havebeen developed long ago, are fixed in the long-term contracts and have never beencontested by anyone. “It is clear, that in a crisis environment there is a will to displacepart of the financial burden onto others, such temptation appears. But I would like tounderline once again that we consider such approach as a non-constructive one”, - saidMr. Putin. 11So from the Russian President’s view, the Commission’s claim against Gazpromreflects just its non-constructive intention to displace part of the financial burdenexperienced by the EU Member-States who are facing economic difficulties due to theeconomic crisis on a Russian state company.Then the President reacted to this "non-constructive" approach of the CEC, usinga , in his view, more "constructive" method.10 http://news.ru.msn.com/%d0%bf%d1%83%d1%82%d0%b8%d0%bd‐%d1%81%d0%be%d0%b6%d0%b0%d0%bb%d0%b5%d0%b5%d1%82‐%d0%be‐%d0%b4%d0%b5%d0%b9%d1%81%d1%82%d0%b2%d0%b8%d1%8f%d1%85‐%d0%b5%d0%b2%d1%80%d0%be%d1%81%d0%be%d1%8e%d0%b7%d0%b0‐%d0%bf%d0%be‐%d0%be%d1%82%d0%bd%d0%be%d1%88%d0%b5%d0%bd%d0%b8%d1%8e‐%d0%ba‐%d0%b3%d0%b0%d0%b7%d0%bf%d1%80%d0%be%d0%bc%d1%8311 Ibid.6
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Page 10 and 11: state agency for Gazprom within the
Page 12 and 13: oversupplied (with competitive supp
Page 14 and 15: From my point of view, there are ma
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Page 26 and 27: From my view, most of the blame tow
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Page 36 and 37: Figure 4. Evolution of oil & gas ma
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Page 46 and 47: So it is very important to bear in
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(Figure 11. LTGEC in Europe: indexa
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the Russian gas and large taxpayers
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many Europeans, but, and this is mo
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RIA “Novosti” - Russian Informa
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