Thursday, August 28, 2008

Caution likely at EU summit on Russia

When it comes to action over Georgia, Russia has the European Union over a barrel. In fact, 1.2 million barrels.

That's the how much Russian crude is pumped westward everyday down the Druzhba pipeline to fuel Europe's economies.

This hard economic reality explains why Monday's emergency EU summit will struggle to produce much more than a slap on the wrist for Russia, despite Europe's exasperation over Moscow's invasion of Georgia and backing for its two separatist regions to break away...

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