Russia’s prime minister said “war has started” over the breakaway region of South Ossetia as Georgia’s president accused its neighbor of a “well-planned invasion.” Georgia is a key link in a U.S.-backed “southern energy corridor” that links the Caspian Sea region with world markets, bypassing Russia. Two pipelines pass through the country linking Azerbaijan and Turkey. The BP Plc-led Baku-Tbilisi-Ceyhan oil pipeline, which has been closed since August 5 due to an explosion in Turkey, runs about 62 miles south of the South Ossetian capital of

Tskhinvali. The EU said Friday it is “working toward a cease fire.” Source: [1] http://www.bloomberg.com/apps/news?pid=20601087&sid=aseroDzA.EQs&refer=home