Monday, March 25, 2019

Europe Is Addicted To Russian Energy

Russian president Vladimir Putin greets BP chief executive Robert Dudley (right) and AstraZeneca CEO Pascal Soriot (centre) during a meeting with businessmen at the Kremlin in Moscow on Wednesday. Photograph: Alexander Nemenov/Reuters

David McWilliams, Irish Times: Europe is glued to energy-rich Russia

As Putin marks 20 years in power, he knows how much the world needs his country

As the train screeches to a halt, the young man, in his slim-fit Tom Ford suit, alights energetically. This is Revolution Square station, deep beneath Moscow’s congested boulevards.

Built in 1938, the station is one of the gems of the Moscow metro system, itself one of the finest pieces of public transport infrastructure in the world. Stalin understood symbols. The metro system served as a reminder of the splendour of the Soviet Union. In the war, these places were air-raid shelters. In 1941 and 1942, a hundred war babies a month were being delivered down here as war raged overhead. What else are you going to do?

Today, the metro carries seven million passengers a day, close to half the population of this enormous city of 15 million citizens. Trains arrive off-peak every two minutes and at rush hour every 30 seconds.

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WNU Editor: The only thing that I can add to the above commentary is that European and Chinese dependence on Russian energy is only going to grow with time.