EU Explores Contacts With Eurasian Economic Union

ALPBACH (Austria), (Sputnik) – The Russia-led EEU, comprising Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, is an international organization which aims at streamlining free flow of goods and services between its member countries.

Russia Warns US, Supplying Arms To Ukraine “Will Have Dramatic Consequences”

As Putin arrives at the Minsk Summit, his Deputy Foreign Minister makes the Russian position clear to Washington:

• *U.S. ARMS SUPPLIES TO UKRAINE WILL HAVE DRAMATIC OUTCOME: IFX
• *RUSSIA WILL NOT IGNORE U.S. ARMS SUPPLIES TO UKRAINE: IFX

China Prepares Massive Investments in Crimea

China intends to invest in massive projects in Crimea less than a month after the former Ukrainian province was annexed by the Russian Federation.

Vladimir Chizhov, Russia’s ambassador to the European Union, said Russia is partnering with China in two major Crimean projects:  the “Power of Siberia” gas pipeline and a 25 meter deep Crimean deep water port. These projects will continue despite the ongoing crisis in the Ukraine, Chizhov said.

Chizhov described the “Power of Siberia” gas pipeline as a mega-project that will pump 60 billion cubic meters of gas annually from the Kovykta and Tchayandinskoe gas fields to Russia’s far east, where a branch line will deliver 38 billion cubic meters a year to China.