Transneft, Russia's oil-pipeline monopoly, has cut off its oil shipments from Navapolatsk in Belarus to the Latvian port of Ventspils for the first quarter of this year. The decision has angered not only the Latvians, but also Russia's oil producers, who say that without the Navapolatsk-Ventspils route, export-ready crude is being stockpiled at storage facilities. It also raises once again the whole question of alternate routes for supplying Europe with Russian oil.According to Sergei Grigorev, vice president of Transneft, Latvian transit costs and port charges are too high. Latvia denies t...
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