RIA Novosti: The benefits of South Stream pipeline for Russia

Russia has started building the South Stream gas pipeline across the Black Sea to Europe, bypassing Ukraine. Opinions on this project vary. Some experts question its economic expediency now that Russian gas consumption in Europe is decreasing, but contend that its political advantages are unquestionable. Other experts disagree.

Yaroslav Lisovolik, Head of Research and Member of the Management Board, Deutsche Bank Russia, tells the Valdai Discussion Club about the pipeline’s advantages for Russia.

What is South Stream to Russia from the political and economic viewpoints? How much will it cost? And how much gas can it pump to Europe annually?  MORE