On Wednesday Russia’s announced that it will shift all its natural gas flows to Europe via Turkey, instead of Ukraine, reports Bloomberg News. “…the Turkish Stream us the only route along which 63 billion cubic metres of Russian gas can be supplied, which at present transit Ukraine. There is no other way,” the head of Gazprom Alexei Miller said. The European Union’s energy chief said that this would hurt Russia’s reputation as a supplier, and the European Commission’s VP for energy union said that the decision makes no economic sense, according to Bloomberg. However, the move makes sense when considering …read more
Source: Business Insider