Monday, August 11, 2008

Is Russia attacking the BTC pipeline?

CNN reports that oil is up $2.00 on news of the conflict between Russia and Georgia. Meanwhile, Kommersant reports:
Georgia is accusing Russia of attempting to blow up the Baku-Tbilisi-Ceyhan pipeline. Georgian Minister of Economic Development Ekaterina Sharashidze stated that Russian Air Force planes attacked the pipeline, but missed their target. “That makes it clear that the targets of the Russian military were not only Georgian economic objects, but international objects on Georgian territory,” she said. Reports were received throughout the day that Russian military planes struck targets in Georgia, however, they were military, not economic.
True or not, what's good propaganda for Georgia is money in-the-bank for Russia.

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