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Russia and Greece plan to sign an agreement, along the lines of which Moscow will pay up to €5 billion to Athens for the construction of the “Turkish Stream” natural gas pipeline from Russia to Turkey across the Black Sea.

The agreement is planned to be signed on April 21, reported Spiegel. According to the German daily, this deal was discussed during the Moscow talk between Russian President Vladimir Putin and Greek Prime Minister Alexis Tsipras.

And according to Agora daily of Greece, the latter’s government has approved this agreement with Russia.

Athens, by way of the Russian tranche, hopes to delay its European Union negotiations with respect to the country’s debts.

The “Turkish Stream” has become an alternative for the “South Stream” pipeline project to transport Russian natural gas through the Black Sea to Europe, and which the Russian Gazprom Company has abandoned.

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