Putin says Russia will drop Europe-bound South Stream pipeline

Putin says Russia will drop Europe-bound South Stream pipeline
(Image credit: Robert Cianflone/Getty Images)

On Monday, Russian President Vladimir Putin announced that Moscow will abandon its gas pipeline to Europe and instead build an alternative pipeline to Turkey.

The European Union opposed the $20 billion South Stream pipeline, which would have allowed Russia to ship gas to southeastern Europe while bypassing Ukraine, The Wall Street Journal reports. The pipeline would have carried more than 10 percent of Europe's annual consumption of gas, but Bulgaria put on the brakes after the EU said it needed to investigate if rules were broken regarding pipeline ownership.

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Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.