Back in June, Russia signed a preliminary $2.27 billion agreement on building a pipeline through Greece. The new project is an extension of the so-called Turkish Stream, a gas pipeline designed to bring Russian gas to Europe via Greece, with an annual capacity of 47 billion cubic meters. Russia likes this deal given the strategic geopolitical importance: The Turkish Stream is designed to bypass Ukraine, which allows Russia to maintain its leverage over the EU and to additionally hurt Kiev. Meanwhile, Greece has favorably eyed the project as it would inject some much needed cash into the Greek economy …read more
Source: Business Insider
