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...with Russia, this still seems like a distant prospect, and some analysts say Kazakhstan's offer to Belarus is most likely a bluff. It would be costly and difficult for Kazakhstan to ship oil to Belarus, and Belarus could not afford to pay fair-market prices anyway, says Denis Borisov, an analyst at Bank Moskvy, one of Russia's largest banks. Kazakh companies could, however, undercut Russian bids for the Naftan refinery, he says, which would be a major blow to Russia's energy strategy in Eastern Europe. (See pictures of the Russia-vs.-Georgia...

Author: /time Magazine | Title: Energy Wars: Russia's Neighbors Get Even | 1/25/2010 | See Source »

...Bulgaria's incoming Prime Minister, Boyko Borisov can assume copious congratulations when he takes up the reins of government on July 23. Less welcome, however, is what he received on the eve of his investiture: a report effectively designating Bulgaria the most corrupt and crime-ridden member of the European Union. And for good measure, it warned that Bulgaria, already the E.U.'s poorest member state, could slip under the sway of Russia if it fails to turn itself around...

Author: /time Magazine | Title: Could the E.U. Lose Bulgaria to Russia? | 7/22/2009 | See Source »

According to the European Commission, Borisov will inherit a country where mobsters murder with impunity and where fraud and corruption have seeped deep into the political and legal establishment. "Killings linked with organized crime continue, and known criminals are not apprehended," the commission says in its report, released on July 21. (Read "Brussels Beats Up On Bulgaria...

Author: /time Magazine | Title: Could the E.U. Lose Bulgaria to Russia? | 7/22/2009 | See Source »

Fighting crime was Borisov's winning campaign theme, and the Prime Minister-elect has vowed to end corruption, saying he will imprison anyone involved in embezzling funds. But as a former bodyguard with a black belt in karate, Borisov will have to use all his fighting skills if he is to defeat Bulgaria's demons and keep the country in Europe's fold...

Author: /time Magazine | Title: Could the E.U. Lose Bulgaria to Russia? | 7/22/2009 | See Source »

...since escaping house arrest in November 2000, was apprehended in the western town of Angoulême, along with suspected ETA operative Mercedes Chivite Berango. Ouster in the Offing LITHUANIA The Constitutional Court found that President Rolandas Paksas had violated the constitution in awarding citizenship to Russian businessman Yuri Borisov, who helped finance his election campaign. The ruling paves the way for an impeachment vote in parliament as early as this week. A Tightening Grip GEORGIA President Mikheil Saakashvili's National Movement-Democrats party is set to dominate parliament after winning 67% of the vote in the general election...

Author: /time Magazine | Title: World Watch | 4/4/2004 | See Source »

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