Next Monday, 11 February, is promising to be quite an eventful day on the Gazprom front – that’s of course the gigantic Russan natural gas company, the largest extractor of natural gas in the world, of which the Russian government owns a majority stake. On the one hand, it’s the same-old same-old, what we’ve all seen before, for Monday is the day that Russia, speaking for Gazprom, will cut off all natural gas supplies to the Ukraine due to alleged non-payment by the latter of $1.5 billion. Curiously, Ukrainian president Viktor Yushchenko has been scheduled for some time to arrive in Moscow for a visit on Tuesday. At least he’ll be glad to be away from his native country and someplace instead where it’s actually warm inside the buildings, though one can imagine that the diplomatic talks he will engage in might still be rather frosty.
But that is all par for the course for a European winter; I can remember recently thinking to myself “Hmm, it’s already February – shouldn’t we have had the regularly-scheduled Russian energy cut-off crisis by now?” More interesting is that next Monday is also the evening of the going-away concert in honor of Dimitri Medvedev – Gazprom chairman now, but Vladimir Putin’s “recommended” candidate for president of the Russian Federation at the upcoming March 2 elections, and therefore also a shoo-in as the next Russian president. The concert will be headlined by the legendary English rock-n-roll band Deep Purple, and this was recently commented upon in the New York Time’s weblog “The Lede: Notes on the News,” by Mike Nizza, who notes that Putin himself will surely be present as well. (more…)