Putin’s Gas Problem

Last December, Russian’s giant gas firm, Gazprom, and a Turkish pipeline company signed a memorandum of understanding to construct a pipeline from Russia to Turkey under the Black Sea. This new “Turkish Stream” is an alternative to the “South Stream” Black Sea pipeline from Russia to Bulgaria – a project that the Kremlin abandoned in December, in response to the sanctions imposed by the European Union after Russia’s invasion of Ukraine and annexation of Crimea.

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