On a visit to Helsinki, the Russian President Dmitry Medvedev outlined a proposal for an overhaul of European energy security. In its proposal, Russia said that energy consumers and producers should share responsibility for the security of gas transit, an apparent rebuff to Europe’s efforts to sideline Russia in modernizing Ukraine’s energy sector and the transit gas pipeline system that carries Russian gas to Europe. Will Medvedev’s new energy architecture proposal fly? Is such a sweeping reform of the international energy framework necessary at this point? How will the United States and the EU react to this initiative?
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