Putin Visits Serbia Bearing Gifts! Russia Plans to Extend Turk Stream Into Serbia, Expand Business Ties

25 agreements, more than a dozen of which are in the investment and business spheres, were signed during Vladimir Putin's official visit to Serbia. The value of the contracts with Russian Railway alone amounts to 230 million euros. During the high-level talks, particular attention was paid to cooperation in the energy sector. In connection with the implementation of the Turkstream in particular.

25 agreements, more than a dozen of which are in the investment and business spheres, were signed during Vladimir Putin's official visit to Serbia. The value of the contracts with Russian Railway alone amounts to 230 million euros. During the high-level talks, particular attention was paid to cooperation in the energy sector. In connection with the implementation of the Turkstream in particular. At a joint press conference following the meeting, Vladimir Putin said that Russia was ready to participate in the extension of the gas pipeline in the direction of Serbia as well.

 

Vladimir Putin: "We are ready to implement the project that extends the Turk Stream to European countries, to European consumers. Many have taken an interest in that. We just need to arrange it in a proper way. We are ready. As you know, we have enough resources, more than enough. There aren't any problems with that. We're working on it with Serbia. This refers to the development of the infrastructure, including the transit infrastructure on Serbian territory. We're ready to invest the resources that are needed, which amount to about 1.4 billion USD. We are, in fact, preparing this project, even starting it, however, in the end, it will all depend on other countries, including the EU members, on whether they will be able to defend their sovereign national interests in a dialogue with European structures".

The head of Gazprom, Alexey Miller, announced that the company was ready to start building the infrastructure for the Turkstream in the coming days. Let me remind you that the pipeline is being laid on the bottom of the Black Sea to the European part of Turkey and to the Greek border. The first thread is designed to supply the Turkish market and the second one to supply gas to the counties of Southern and Southeastern Europe. Gazprom is looking at Greece, Italy, Bulgaria, Serbia, and Hungary as potential markets.