You are here

Russia cancels new gas pipeline to Europe, will build one to Turkey

Putin's surprise decision caps seven years of planning for the US$19b project, which would have bypassed Ukraine

Moscow

IN a measure of the dramatically reshaped relations between Russia and the West, Russian President Vladimir Putin on Monday scrapped plans for a major new natural gas pipeline to Europe, a surprise decision that came as the rouble slumped to an all-time low against the dollar.