Pashkovskaya, I.G. Options of Russia’s reaction to the acceptation of the third legislative package on power industry by the EU.

Abstract: In March 2007 the European Council formulated the bases for the Energy Policy for Europe, and it pointed out that one of the aspect of the EU energy policy is complete formation of the inner market of electric energy and gas. During two years the European Commission held preparatory work and in July of 2009 the European Parliament and the Council of the EU accepted 5 legislative acts in order to complete the formation of the European inner energy market for electric energy and gas, and they came into force in March, 2011. The enforcement of the Third Legislative Package on energy policy means a total change (to the opposite) from the previously existing legal regime of vertical power companies in the EU shall certainly have legal, political and economic consequences for the activities of the Russian energy companies in the EU member states.

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