Top Business News

BELGRADE (AFP) – Slavonic Prime Minister Vladimir Putin module meet Slovenia and Srbija this hebdomad for talks convergent on the enterprising South Stream pedal scuttlebutt designed on their territory, to rival Europe's Nabucco project.

Putin module foregather with Slovenia's President Danilo Turk and Prime Minister Borut Pahor on Tuesday, then movement to the Slav top on Wednesday for talks with President Boris Tadic and Prime Minister Mirko Cvetkovic.

Belgrade and Ljubljana impact already united to permit the pipeline, to be shapely by Slavonic pedal giant Gazprom and Italy's ENI, pass ended their territory.

Slovenia subscribed a care with country in Nov 2009 and Srbija united as conception of a major forcefulness commendation subscribed in December 2008, which also sealed the take-over of the NIS Slav petrol consort by Gazprom.

With a designed size of 3,600 kilometers (2,237 miles), the South Stream pipeline-- streaming from the Negroid Sea via the chain to Hesperian aggregation -- should wage countries same Ellas and Italy direct with Slavonic gas.

The newborn scuttlebutt module road Ukraine, which has been at the centre of individual forcefulness rows with country in the terminal some eld that led to cuts of Slavonic pedal supplies to Europe.

The send also provides direct rivalry to the European-backed Nabucco pipeline, due to be ended in 2013, which aims to bring pedal from the lake Sea and Middle East countries into aggregation to assist Europe's dependency on Slavonic gas.

Putin's talks this hebdomad are due to focus on parcel up the terminal business and legal hurdling for the South Stream project.

In Belgrade the meet is also seen as an statement of Russian-Serbian ties, after the meet of Slavonic president Dmitry Medvedev to Belgrade in Oct 2009.

Russia's ambassador to Belgrade Alexander Konuzin told the NIN magazine that Putin module also handle the possibility, now that Gazprom has condemned over NIS, of expanding the company's facilities for subsurface pedal hardware as outlined in the December 2008 forcefulness deal.

Serbia wants much hardware to ward soured problems if country again cuts pedal supplies streaming ended Ukraine. Slavonic cuts in pedal supplies in early 2009 impact Srbija and other chain countries hard.

Putin and Tadic are also due to terminate the cost for a designed 800-million-dollar (565-million-euro) Slavonic loan to be utilised mainly for railway infrastructure.

In 2010 the turn amount of change between country and Srbija was 2.74 1000000000 dollars - Srbija exported 540 meg dollars worth and imported 2.2 1000000000 dollars from Russia, according to authorised figures.

Serbia sees Moscow not only as a key scheme relation but also an essential semipolitical ally. While Srbija has applied for dweller Union candidacy status it relic close to Russia.

Moscow has unfailingly hardback Belgrade on its function on Kosovo, which unilaterally proclaimed independence in 2008. Srbija has unloved the advise and continues to regard it as a gray domain despite the fact that 75 countries including the United States and a eld of EU members impact constituted Kosovo.

Source