Black Sea traffic stopped

Traffic on the Danube-Black Sea Canal has been stopped due to work on a gas pipeline linking the Russian Federation and Turkey.

Traffic on the Danube-Black Sea Canal has been stopped due to work on a gas pipeline linking the Russian Federation and Turkey. The pipeline crosses the Danube-Black Sea Canal, under immersion, along 190 m between Basarabi and Medgidia, south-eastern Romania.
Russia, Ukraine, and Germany have drafted a letter of intent regarding work on pipelines to transport Russian gas through Ukraine to Western Europe.
"The project will benefit economic stability in the total region and in Ukraine and Russia," Schroeder said. "That always has positive developments on political stability."
Putin said the deal would lead to $2.5 billion in investment to modernize pipelines in the next few years and another $15 billion over the next 10 years. Details of JV partners have not been disclosedt, although Ruhrgas is widely tipped to be a key player.

More in Home