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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
Wednesday, December 3, 2014 - 05:50


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.

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