South Stream divides Europe, but common sense prevails

The construction of the South Stream gas pipeline has become a test of the ability of European countries to pursue a policy in their own interests. Despite the strong pressure from Washington and on the part of Brussels, many of them can do it.

The contract between Russia and Austria on the construction of the South Stream gas pipeline, signed on June 24th, is the most important moment in the relations between Russia and the EU. The Austrian company OMV is one of the largest in Europe, and the Vienna gas exchange is one of the main sites of gas trade in the Old World.

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