Business
MOSCOW. (RIA Novosti economic commentator...
Russian president proposed building a full-fledged international legal system protecting consumers against such incidents, since the existing system - the Energy Charter - does not seem to be effective enough.Therefore, Russia has proposed revising the Energy Charter or inventing a totally different scheme which would provide the EU with some guarantees of stable supplies.
Barroso supported the Russian leader, saying it was important to make efforts now to avoid such problems in the future. He also said the EU was considering signing an international energy security agreement.
Barroso agreed with Russia's policy of lobbying and laying additional routes for gas exports to Europe, an effort essential to lessen transit risks and uphold Europe's energy security. He also confirmed Europe's interest in building two planned alternative pipelines from Russia to Europe, Nord Stream and South Stream.