RUSSIA BUILD THE SOUTH STREAM
A consortium led by a company partly owned by a target of U.S. sanctions has won a multi-billion-dollar contract to build a section of the South Stream pipeline through Bulgaria, Russian natural gas monopoly Gazprom said Tuesday.
The contract has been awarded to a Bulgarian consortium, Gasproekt Jug AD, and privately owned Russian company ZAO Stroitransgaz.
ZAO Stroitransgaz is 50% owned by Stroitransgaz Holding, which was a target of U.S. sanctions following Russia'a annexation of Crimea, along with other companies owned or controlled by Russian businessman Gennady Timchenko. Mr. Timchenko owns 63% of the holding…
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