Putin: Russia cannot currently build South Stream pipeline
Arab Today
Russian President Vladimir Putin on Monday said Russia could not currently continue with the construction of the South Stream pipeline to deliver gas to Europe after Bulgaria blocked construction under the sea.
"Taking account of the fact that until now we have not received permission from Bulgaria, we believe that in the current conditions Russia cannot continue with the realisation of this project," Putin said at a news conference alongside Turkish President Recep Tayyip Erdogan in Ankara.
Putin also announced that Russia had agreed to increase gas exports to Turkey by 3 billion cubic metres and that gas prices for Turkey would be cut by six percent.
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