Russia is the ultimate culprit. It claims that this has nothing to do with politics, but there's just far too much politics at play here.

It is an unpleasant episode, but the IPO preparation process is not going to stop because of it.

It does look like a forced exit.

The forecast annual growth rate over the next 10 years of just over 1 percent reflects the chronic underinvestment that plagues the Russian oil sector because of persistent regulatory uncertainties and growing state interference.

The signing of this contract means that less gas will be left for Ukraine -- for their direct purchases. In this gas dispute, Russia gets another instrument of pressure over Ukraine.

I don?t see where Russia in the foreseeable future can pile up these resources. Russia is saying it has markets. In a way, it?s a form of pressure on Europe.

Russia wants to make energy security its key message to the G8 community, and simultaneously it is becoming a source of danger, intentionally or unintentionally.