In reflecting on the results of his first-ever visit to Venezuela, Russian Prime Minister Vladimir Putin estimated on Monday that Venezuelan orders for Russian weapons “could exceed $5 billion.” The resulting headlines are somewhat misleading, and may overlook developments that will have a larger impact on the bilateral relationship in coming years. The $5 billion figure appears to include Russian arms still being supplied under existing contracts, including four MI-17 multirole combat helicopters whose delivery coincided with Putin’s visit. These were the last in a contract for 38 of the helicopters signed in 2006. No new arms deals were announced [...]
Energy
Despite genuine efforts at engaging Tehran, such as the Nowruz greetings issued by President Barack Obama this past Saturday and a similar Internet video released the previous year, the Obama administration has proven unable to resolve U.S. differences with the Iranian government over Iran’s nuclear program, regional security issues, or other disputes. Developments thus far do not portend any greater success this year. The decades of hostility and mistrust between Washington and Tehran made any bilateral reconciliation effort inevitably problematic. The unanticipated advent of a powerful mass movement in Iran seeking to change the regime’s policies — and, perhaps, the [...]
There is little doubt that as president of Ukraine, Viktor Yanukovych will decisively shift the country’s geopolitical posture, with Kiev once again moving closer to Moscow after its pro-Western and pro-EU turn of 2005. The potential consequences on the EU’s energy future are serious, as 80 percent of Russian natural gas exports to Europe transit through Ukrainian territory. The country has been in repeated price disputes with the Russian state-owned gas monopoly, Gazprom, resulting in interruptions of deliveries to the Ukrainian market in January 2006 and 2009, with supplies to Europe affected both times. Mediation on the part of the [...]