Russian President Dmitry Medvedev said on Monday he wanted to clinch a new energy pact with the European Union to ensure security of supplies and replace the European Energy Charter, which Moscow rejects.
“As I promised, I will distribute today among G8 partners, G20 partners, CIS partners and closest neighbours such as Finland a basic document which will outline issues of international cooperation in the energy sphere, including proposals on transit agreements,” Medvedev said.
Russia has refused to ratify the European Energy charter, saying it does not ensure a balance of the interests of energy producers, buyers and transit states.
“The energy charter has failed to solve this imbalance. We have not ratified it and do not view ourselves bound by it,” Medvedev told a joint news conference with Finnish President Tarja Halonen.
“Our task is to ensure the balance of producers, transit states and energy buyers… We would like to start talks with the European Union and our other partners about these documents and hope our ideas will be taken positively,” he said.
Medvedev’s economic adviser Arkady Dvorkovich told reporters afterwards the new document will cover coal and nuclear fuel along with oil and gas.
“We are really interested in the nuclear materials’ angle. We should spread the principles in this sphere as well,” he said.
The European Union relies on Russia for a quarter of its gas needs and EU politicians have called on the bloc to cut reliance on Russia after two severe disruptions to Russian gas supplies in recent years due of disputes with transit states Ukraine and Belarus.
Russia expressed anger when Ukraine, which is responsible for the bulk of Russian gas transit to Europe, signed a deal last month with the European Union for the overhaul of its pipeline system without consulting Moscow.