Russia clinches Greece accord to build gas pipeline to Europe

19th June, 2015
Greek Prime Minister Alexis Tsipras and Russian President Vladimir Putin

Russia signed a preliminary agreement on building a natural gas pipeline through Greece, a deal that signals strengthening ties between the countries as the crisis-stricken government in Athens is increasingly isolated from the rest of Europe.

Russia’s development bank, known as VEB, will own 50 per cent of the €2 billion link and provide all financing, Greek Energy Minister Panagiotis Lafazanis told reporters after the signing in St. Petersburg, Russia, on Friday. Greece will own...

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