In A Major Diplomatic Defeat, Russia Announces That It Will Not Build The South Stream Gas Pipeline To Europe

In Diplomatic Defeat, Putin Diverts Pipeline to Turkey -- New York Times

MOSCOW — President Vladimir V. Putin said Monday that he would scrap Russia’s South Stream gas pipeline, a grandiose project that was once intended to establish the country’s dominance in southeastern Europe but instead fell victim to Russia’s increasingly toxic relationship with the West.

It was a rare diplomatic defeat for Mr. Putin, who said Russia would redirect the pipeline to Turkey. He painted the failure to build the pipeline as a loss for Europe and blamed Brussels for its intransigence.

The decision also seemed to be a rare victory for the European Union and the Obama administration, which have appeared largely impotent this year as Mr. Putin annexed Crimea and stirred rebellion in eastern Ukraine.

Read more ....

More News On Russia Announcing That It Will Not Build The South Stream Gas Pipeline To Europe

Putin: Russia forced to withdraw from S. Stream project due to EU stance -- RT
Gazprom to build new 63 bcm Black Sea pipeline to Turkey instead of S. Stream -- RT
Russia Scraps South Stream Gas Project: Gazprom -- RIA Novosti
Russia drops South Stream gas pipeline plan -- BBC
Putin says Russia to stop South Stream gas pipeline project -- Euronews
Putin says Russia scrapping South Stream gas pipeline, blames Europe -- L.A. Times