Russia Today: Expert: Russia needs to know new rules of energy business

Russian PM Vladimir Putin says the new European Union energy policy aimed at separating energy production from distribution increases energy security risks for EU. Experts say re-writing the rules of energy market may damage not only Russian, but European

“The Third Energy Package, backed by the European Commission and aimed at squeezing out integrated Russian companies, is frankly not conducive to stronger relations between Russia and the EU,” Putin wrote in an article called “Russia and the changing world”. He stressed, “The package aggravates the systemic risks to the European energy sector and scares away potential investors in new infrastructure projects.”

He argues the so-called third energy package is designed to restrict Russian energy companies, especially gas producers, from the European market.  The third energy package may first and foremost affect Russia’s Gazprom, which is involved both in transmission of energy and its production from using their privileged position on the market.  MORE