Just how desperate is Russia to remain relevant, as Vladimir Putin seemingly signs promises he can’t keep?
The bottom line is whether Russia is capable of building such costly pipelines as Nord Stream, South Stream and a second string of Blue Stream; while at the same developing the Yamal peninsula into a major gas producing center and finishing the Shtokman project? These projects, and others too numerous to mention, are projected to cost hundreds of billions of dollars which Russia does not have and which Western companies might not want to spend given the shaky business reputation of Gazprom and its management.
Another sign of desperation about its economic future: did Putin leave President Medvedev the task of dealing with US Secretary of State Hillary Rodham Clinton?
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Tags: alexei miller, china, dmitri medvedev, gazprom, hillary rodham clinton, oil, prc, vladimir putin