South Stream needs the approval of both Romania and Bulgaria

Russian President Vladimir Putin and Hungariam PM Ferenc Gyurczany set up recently preliminary stage to create the South Stream pipeline aimed at linking Russia with Europe through the Black Sea corridor. Hungary will create a joint enterprise with Gazprom to build its pipeline segment. However, the project might face difficulties. The problem is that the marine segment passed by the pipeline hits Ukraine and Romania's economic areas. Considering the tense relation between Russia and the two ...

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