Recently energy demand in the region has reached and surpassed the 1991 level at the same time as the world oil prices have increased dramatically. Russia, for its part, has started a reappraisal of the political and economic costs and benefits of providing indirect energy subsidies. These factors are forcing the three countries to urgently rethink their energy supply options.
From collection: Environment and Security: Transforming risks into cooperation - the case of Eastern Europe
Viktor Novikov, UNEP/GRID-Arendal