RT: South Stream halt is ‘casualty of sanctions’

The breakdown of talks between Russia and Europe over the South Stream pipeline is another example of diplomatic discord between Moscow and Brussels, but they still need to cooperate over gas for the next 20-30 years, economist Max Fraad Wolff told RT.

“South Stream looks like yet another casualty of sanctions and poor relations between Russia and the West,” Max Fraad Wolff, Professor of Economics at the New School, told RT.

On Monday, Russian President Vladimir Putin announced that Gazprom will deliver gas to Europe via Turkey, and not Bulgaria. Gazprom CEO Aleksey Miller confirmed the plan.  MORE