Bank of Russia disclaims reports hackers steal 2B rubles from its correspondent accountsBusiness & Economy December 03, 14:42
Lavrov: joint projects with Japan to bring relations to new levelRussian Politics & Diplomacy December 03, 12:29
Defense ministry says Russia delivers humanitarian aid to Aleppo daily 'unlike UK'World December 03, 7:29
Foreign ministers of Russia, Japan will discuss Putin’s upcoming visit to TokyoRussian Politics & Diplomacy December 03, 3:37
President of Luxembourg Forum welcomes Russia’s attention to threat of nuclear terrorismWorld December 03, 3:11
Presidential polls to determine vector for Uzbekistan’s further development — CEC chairmanWorld December 03, 2:44
Lavrov, Kerry discuss settlement in Syria at conference in RomeWorld December 03, 1:36
Kiev halves water supplies to LPR from another pumping station — LPR negotiatorWorld December 03, 0:50
Civilian wounded by Ukrainian sniper near Gorlovka — agencyWorld December 03, 0:31
Speaking at a press conference in Brussels, Georgieva said the EU’s executive branch, the European Commission, didn't seek to close the Russia-led project, but insisted that it should be in line with the EU legislation and give access to other companies in the interests of fair competition on the market.
A deputy chairperson of the Bulgarian parliament’s energy commission, Martin Dimitrov, said on Tuesday he anticipates “hysterics” in Bulgaria following Russia’s move to scrap the project.
Serbian Prime Minister Aleksandar Vucic said earlier on Tuesday that Russia’s decision was “bad news.” Serbia “has been investing in this project for seven years, but pays the price for the confrontation between two great /powers/,” he said.
President Vladimir Putin said on Monday that Moscow would not be able to proceed with the construction of the South Stream project citing the EU’s “unconstructive position.” The Russian leader said Moscow has failed to receive permission from Bulgaria.Gazprom CEO Alexey Miller later confirmed that the South Stream project has been closed.
The European Commission has decided on December 9 to hold a special coordinating meeting with the governments of the EU countries to discuss the South Stream issue despite Russia’s move to drop the project.
South Stream was expected to run across the Black Sea to Southern and Central Europe - Bulgaria, Serbia, Hungary, Austria, Italy and Slovenia. Now Moscow plans to develop a “gas hub” to Southern Europe via Turkey.
Bulgaria’s annual loss of suspension of the South Stream project is estimated at €400 million.
THE MAIN EXPORT ROUTES OF RUSSIA’S NATURAL GAS SUPPLIES TO EUROPE. Infographics by TASS