G8 energy focus threatens Gazprom monopoly

Moscow meeting of the G8 focused on transparency between oil consumers and producers. The topic took 2 of the 7 hours of the meeting. Increased fiscal transparency is needed so as to encourage investment and curb corruption (paragraph 4) as well as enhance public support for the reform process in general, which were all goals of the Statement of the Government of the Russian Federation and Central Bank of Russia on Economic Policies July 13, 1999