The decision to scrap Russia’s South Stream project and redirect the gas pipeline to Turkey seems to be a “rare diplomatic defeat” for Russian President Vladimir Putin, the New Your Times commented on Tuesday.
The USD 22 B project, once designed “to establish the country’s dominance in southeastern Europe”, has instead fallen victim to “Russia’s increasingly toxic relationship with the West.”
According to the NYT, the Russian President’s decision “also seemed to be a rare victory for the US and the EU, which have appeared “largely impotent this year as Mr. Putin annexed Crimea and stirred rebellion in eastern Ukraine.”
Moscow and the …read more
Source: Novinite
