Turkey Backs Mark Rutte for NATO Secretary General Role
Turkey has thrown its support behind outgoing Dutch Prime Minister Mark Rutte for the position of NATO Secretary General,
Russia and Greece signed on Friday an intergovernmental cooperation memorandum on the construction of a continuation of the Turkish Stream pipeline on Greek territory.
The document was signed by Russian Energy Minister Alexander Novak and his Greek counterpart Panagiotis Lafazanis during the Saint Petersburg International Economic Forum (SPIEF).
Novak stated that Greece will receive a loan for the construction of the section of the projected natural gas pipeline running on its territory, TASS news agency reports.
Lafazanis noted that the construction of the Greek section of Turkish Stream, which is worth EUR 2 B, will be financed at halves by a subsidiary of the Russian VEB bank and a Greek company.
Novak revealed on Thursday that Russian companies and banks may participate in funding the ground infrastructure of Turkish Stream in Greece.
Turkish Stream was devised as an alternative to South Stream, which had been cancelled in December 2014.
Most of Turkish Stream will run under the Black Sea and will coincide with the planned route of South Stream.
However the large-scale construction of infrastructure in Europe, which had been foreseen under South Stream, will be limited to a gas hub on the border between Turkey and Greece.
The remaining part of the infrastructure will have to be built by the European customers of Gazprom, which is responsible for constructing the pipeline.
Earlier, Gazprom CEO Alexey Miller had announced that the construction of the first stretch of Turkish Stream would start in late June.
The pipeline is scheduled to become operational in December 2016 and its projected annual capacity is 63 billion cubic meters.
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Turkey has thrown its support behind outgoing Dutch Prime Minister Mark Rutte for the position of NATO Secretary General,
The US Congress has finally approved a long-awaited aid package for Ukraine, totaling nearly 61 billion USD, including military assistance
German Foreign Minister Annalena Baerbock has issued a compelling call for the expedited integration of candidate countries from the Western Balkans into the European Union
Ukrainian forces have undertaken a strategic withdrawal to new positions in at least three key area
French President Emmanuel Macron has ignited controversy by calling for France's nuclear arsenal to be integrated into the European defense discourse
In a candid interview with German media, Kyiv Mayor Vitaly Klitschko has lambasted the Ukrainian government for its perceived inadequacies in combating corruption within the country
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