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Russia wants EU to provide energy purchase safeguards

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MOSCOW, October 24 (RIA Novosti) - Europe should offer purchase safeguards for Russia's energy if it wants Russian producers to guarantee steady deliveries, a deputy prime minister said Tuesday.

"We need some return safeguards that we will have adequate access to the European market," Alexander Zhukov said.

EU leaders, increasingly concerned about their energy security, are pushing for Russia to sign a legally binding energy charter which would compel the country to open up its vast reserves and pipelines to European companies and to provide safeguards for investors.

Europe, which imports a quarter of its oil and natural gas from Russia via Ukrainian pipelines, faced a brief disruption last winter when Moscow suspended deliveries to Ukraine to make Kiev agree to its new pricing terms.

President Vladimir Putin, who met with EU leaders at an informal summit in the Finnish town of Lahti last Friday, assured them that Russia is a reliable supplier, but refused to sign the charter in its current form.

"The leaders of Russia and the EU have reaffirmed that energy cooperation should rest on the mutual responsibility of producers and consumers of energy resources, and on the security of the vital energy infrastructure," he said.

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