Tuesday, December 9, 2014

Fort Russ: The death of South Stream - maidan in Turkey or government collapse in Bulgaria?

Yurasumy - Live Journal

Yesterday was eventful with statements. The energy sector perhaps most important:

"Given the fact that we still have not received permission from Bulgaria, we believe that Russia cannot continue the implementation of this project on these terms," - said Putin, stressing that to start a project without permission from one of the countries "is ridiculous".

"Are we going to invest hundreds of billions of dollars, go through the entire Black Sea and stop before the Bulgarian border?" - he said to journalists. "Therefore we will not implement it" - he concluded.

"This is not consistent with the economic interests of Europe and unfortunately undermines our cooperation, " - the President said. "But that is the choice of our European friends".

"But in the end they are the buyers, and it is their choice," - said Putin, calling the EU's position unconstructive. "If Europe does not want to implement the project, then it will not be implemented," - he said, stressing that everything was ready for South Stream from Russia's side.

In this regard, Putin advised Bulgaria, which is blocking the project, to demand from the EU a compensation for lost profits. "If Bulgaria is denied the opportunity to behave as a sovereign state, they should at least require money for lost profits from the Commission, because just direct transit revenues for Bulgaria would have been 400 million euros per year," - he explained.

"Ultimately, this is also the choice of our Bulgarian partners they probably have some obligations, but it's not our business, and the work of our partners," - added Putin.

Complete story at - Fort Russ: The death of South Stream - maidan in Turkey or government collapse in Bulgaria?

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