: :inin Kyiv (EET)

Austria Signs Russian Pipeline Deal, Hosts Rare Putin Visit


Austria gave its final approval to a controversial Russian gas pipeline project on Tuesday, defying EU officials as Russian President Vladimir Putin visited the neutral country that has been a long-standing energy customer for Moscow.

The chief executives of Russia’s Gazprom and Austria’s OMV sealed the deal to build a branch of the South Stream gas pipeline to Austria, a staunch defender of the project in the face of opposition from the European Commission.

South Stream, which will cost an estimated $40 billion, is designed to carry Russian gas to the center of Europe, a continent already dependent on Russia …read more

Source: Voice of America

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