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...Belize-flagged Ukrainian shipping vessel MV Faina will finally deliver its consignment of Russian tanks, grenade launchers and other small arms to the Kenyan port of Mombassa in the next few days, four months late. The ship's captain is dead. Its crew must be desperate to get ashore after weeks as captives of Somali pirates. And the ship's owners have just paid a record $3.2 million to free their vessel and crew...

Author: /time Magazine | Title: Pirates Free Ship, Doubts Remain on Destination | 2/6/2009 | See Source »

...inspectors have now arrived in the Ukraine to assuage Russia that Kiev is not surreptitiously siphoning off gas from the pipeline transiting the country, and Moscow has pledged to turn the gas taps back on as soon as the observers start work in monitoring the gas flow at Ukrainian pumping stations...

Author: /time Magazine | Title: Russia-Europe Gas Spat Ends — For Now | 1/9/2009 | See Source »

...Thursday, it looked unlikely that any sort of agreement would result from the complicated talks. Alexei Miller, from Russia's state-owned Gazprom, and Oleh Dubina, from Ukrainian Naftogaz, eventually met in Brussels after playing cat and mouse games to avoid one another in the corridors of the European Commission and the European Parliament. A planned joint press conference appeared to be canceled at the last minute when it was due to take place in a room named after murdered Russian journalist Anna Politkovskaya...

Author: /time Magazine | Title: Russia-Europe Gas Spat Ends — For Now | 1/9/2009 | See Source »

...Republic currently holds the E.U. presidency - and German Chancellor Angela Merkel were phoning Russian Prime Minister Vladimir Putin, warning him that Gazprom and Russia faced the loss of reputation and revenues as Western customers looked elsewhere. The E.U. efforts were almost all aimed at the Russians rather than the Ukrainians. They also spoke with Ukrainian officials. It helps that the E.U. is Ukraine's largest aid donor. Ukraine is facing a financial meltdown, and recently asked for a $16.4 billion International Monetary Fund bailout. Gazprom, owing around $60 billion and seriously short of cash, currently has storage reservoirs so full...

Author: /time Magazine | Title: Russia-Europe Gas Spat Ends — For Now | 1/9/2009 | See Source »

...with Europe in the grip of an unusual cold snap, political leaders are pressuring Moscow and Ukrainian capital Kiev to end the standoff and get the gas flowing again. Officials from the Czech Republic, which currently holds the presidency of the European Union and was one of the first nations affected by the gas pinch, denounced the Russian move as "absolutely unacceptable" and demanded that the two sides strike "an accord within the week...

Author: /time Magazine | Title: Russia's Gazprom Diplomacy: Turning Off Europe's Heat | 1/7/2009 | See Source »

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