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URGENT: Russia sees no point in being party to Energy Charter - Putin

28.04.2009

MOSCOW, April 28 (RIA Novosti) - Russia sees no point in remaining a signatory to the 1991 Energy Charter, which it has not ratified, Prime Minister Vladimir Putin said after a meeting with his Bulgarian counterpart on Tuesday.

"We have said before that we do not consider ourselves bounded by the charter, and now we can say that we see no point in remaining a signatory to the document," Putin said.

The original Energy Charter was signed in the Hague on December 17, 1991. By ratifying the treaty, Russia would have to give access to its pipelines for free natural gas transit from Central Asia to the European Union. However, Russian companies would not be able to freely access European pipelines.


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