[Download] "Corruption and Lack of Transparency in the Energy Sector: Continuing Risks for Europe" by American Diplomacy ~ eBook PDF Kindle ePub Free

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eBook details

• Title: Corruption and Lack of Transparency in the Energy Sector: Continuing Risks for Europe
• Author : American Diplomacy
• Release Date : January 18, 2011
• Genre: Politics & Current Events,Books,
• Pages : * pages
• Size : 60 KB

Description

A major challenge to the new democracies of Central Europe is corruption and lack of transparency in the importing of oil and natural gas from Russia and other energy producing states once part of the Soviet Union. This situation has undermined good governance and ethical business practices in the "new democracies" and in the large and wealthier countries of Europe. EU membership has provided only limited energy security to the new democracies. Wealth accumulation from the energy trade is often used by powerful groups in the East to buy support in Western countries for Russian economic and security policies. This situation is exacerbated by the lack of legal reporting requirements in the West concerning the outside funding of political and business groups.

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