RIA Novosti: Russia Pledges 1.7 Bln Euros for Serbian South Stream
Russia will provide 1.7 billion euros to finance the construction of Serbia’s stretch of the South Stream gas pipeline that will carry Russian natural gas through the Black Sea to Bulgaria and then on to Greece, Italy and Austria, President Vladimir Putin said on Friday.
“The Russian side undertakes to finance that section,” Putin said after a meeting with his Serbian counterpart Tomislav Nikolic in the Russian Black Sea resort of Sochi.
Alexei Miller, head of Russia’s gas monopoly Gazprom, previously confirmed plans to bear full construction costs of the Serbian section.