Russia to consider alternative routes of gas supply to E.U.

If even state boundaries are moved easily presently, what can we say about major fuel routes? Taking into account recent geopolitical changes and coolness between Russia and the West, no one was surprised by Russia's President Vladimir Putin statement that in case of further escalation of the Ukrainian conflict, he will consider an alternate route of the South Stream. Talking at the St. Petersburg International Economic Forum, Vladimir Putin hardly criticized the European Union intentions to put a spoke in wheel, in this project in particular. “If we continue to have troubles with the South Stream, and Brussels constantly puts spokes in our wheel, we will consider other options, pipelines going across non-E.U. countries,” Putin said, adding “Brussels will just end up in getting another transit country”. The majority in the European Parliament support further tightening of the economic sanctions and are hostile toward the Russian Federation. The latest Ukrainian president elections and the victory of pro-European candidate Petro Poroshenko eased pressure in the relations between two countries. However, Europe and the United States are not in a hurry to balk the planned measures. If the EU executive arm supports the European Parliament position, it will pose a threat to many large joint projects, the South Stream in particular. The South Stream is a global project of Gazprom on construction of gas pipeline to transport Russian natural gas through the Black Sea to Bulgaria and further to Greece, Italy and Austria. The first gas deliveries are scheduled to start at the end of 2015.