Russia is renowned for its one-step-forward-two-steps-back approach to foreign policy, and its current policy of completely restricting oil exports through Latvia is yet another demonstration.Transneft, Russia's monopoly oil pipeline operator, argues that tariffs to the Ventspils oil terminal are too high and that deliveries to the Baltic port are not commercially viable. It makes more sense, say Transneft officials, to export through nearby Primorsk. Perhaps. Only a skilled financial analyst with complete information could calculate whether Primorsk or Ventspils was the more advantageous e...
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