Andrey Areshev: EU can hardly finance NabuccoJanuary 17, 2011 - 09:28 AMT PanARMENIAN.Net - EU policy regarding Nabucco gas pipeline project is not a novelty, a Russian expert said. “We can presume that the visit of European Commission President to Baku and Ashgabat will signify a new stage in political lobbying of this economically insufficient project,” Andrey Areshev, senior fellow at the Institute of Oriental Studies at the RF Academy of Sciences, told PanARMENIAN.Net “There are too many issues to be settled, including construction of Transcaspian gas pipeline. Even if we presume that the status of the Caspian Sea will be determined within the coming several years, Brussels will have a huge amount of money to implement the project. Taking into account financial problems, it will not be an easy job,” he said. “We should not forget either that the existing oil and gas pipelines meant to diversify the Europe’s energy supply are unloaded. At the same time, EU’s interest in energy projects in South Caucasus will even more discredit the policy of this organization,” Areshev said. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. |