Eastern money under question

  • 2005-03-23
  • Baltic News Service
TALLINN - The Riigikogu's (Estonia's parliament) foreign affairs committee on March 17 discussed security risks as regards to the influx of Russian capital into energy and infrastructure spheres.

"It was stated in the meeting of the foreign affairs committee that Estonia has not sufficiently analyzed the risks involved in the country's energy sphere and infrastructures, as well as Russia and its capital's increasing role in these strategically important sectors," the parliamentary press service said.

Gunnar Okk, CEO of Eesti Energia (Estonian Energy), examined the risks arising from Estonia being a part of the common Russian and Baltic energy network, while Raivo Vare, development director of Eesti Raudtee (Estonian Railway), spoke about developments in the transit sector.

The committee decided to continue studying these issues and to draw ministry attention to the necessity of making a more thorough analysis of those areas.

Latvia's new government has also called for a closer analysis of Russian investments in the Latvian economy.