SPEECH. Putin is making his annual speech to parliament today. Again I encourage you all to read what he actually says rather than selections twisted to fit propaganda requirements in the MSM. English. “The agreement between Ukraine and the European Union has been signed and ratified, but the implementation of the provisions regarding trade and economy has been postponed until the end of next year. Doesn’t this mean that we were the ones who were actually right?” Well, doesn’t it?
SOUTH STREAM. South Stream was a proposed gas line from Russia, under the Black Sea, to come ashore in Bulgaria and serve southern Europe. The southern equivalent of Nord Stream, it would avoid the uncertainty of Ukrainian transit routes. The EU took against it and Bulgaria was pressured to delay or cancel. Brussels thought that Moscow could be bullied. It was wrong: Putin announced the cancellation in Ankara. “If Europe does not want to implement it, then it will not be implemented. We will focus our energy resource flows on other regions of the world”. Western governments and media are trying to spin this as a defeat for Russia. “These reports are evidence of pressure mounting on Russia... and reduce Russia’s ability to use gas as a tool of coercion”. This is nonsense of course. Southern Europe will remain dependent on uncertain shipments of Russian gas passing through Ukraine or on as-yet-unbuilt tankers and port facilities bringing in more expensive and possibly non-existent LNG from the USA. It won’t see employment in building the line or transit fees. Some reactions from Bulgarians. The Eurocrats and NATOcrats in Brussels get their Russian gas via Nord Stream. So they will be warm this winter.