Saturday, April 18, 2015

Media reported that Greece plans to conclude an agreement with Russia on the € 3-5 billion – RBC

Photo: Fotobank / Getty Images

Greece early next week is going to sign energy agreement with Russia, learned German publication Spiegel Online. Moscow Athens provide funds in the form of an advance under the “Turkish stream.” Section of the pipeline will be laid on the territory of Greece. The amount of the advance from € 3 to 5 billion, according to the publication.

received from Russian funds – an advance payment against future profits Athens from gas transit through its territory. Debt will be deducted from these revenues. The pipeline is scheduled to be operational in 2019.

It is expected that the agreement will be signed next Tuesday April 21, the newspaper writes.

A senior official of the ruling party of the Greek SYRIZA familiar with the negotiations, said Spiegel, the deal will help Greece to change the situation: now the country is under intense negotiations with the EU and IMF to restructure the debt.

These plans were discussed during the visit of the Greek Prime Minister Alexis Tsipras in Moscow, according to the German edition.

In the Russian capital the new Greek Prime Minister visited earlier this month. April 8 Greek prime minister was received by President Vladimir Putin of Russia. One of the main topics of the talks was the development of “Turkish stream.” Putin noted the advantages of Greece to participate in this project: increasing geopolitical status of the country and profit from transit.

During the meeting, the Russian leader made a provision of loans to Greece, but about some concrete decisions on this issue messages were not. At a press conference after talks in the Kremlin, Putin stressed that Greece has not appealed to Russia asking for help. “But if we are going to implement projects that will generate income of Greece, that income may go to repay the loans of the Greek” – Putin said.

December 1 last year, Russian President during his visit to Turkey announced the rejection of gas pipeline project “South Stream”, which should pass under the Black Sea to the EU. Rejection of the project explained to unconstructive position of the European Commission and the difficulties in the construction of the pipeline in Bulgaria. Later, “Gazprom” announced that the gas pipeline will be constructed of the same capacity under the Black Sea by the end of 2016, but the pipeline will not lead to Bulgaria and Turkey. In the hub on the Turkish-Greek border will be delivered about 50 billion cubic meters. meters of gas. Construction of the pipeline company will “Gazprom Russian».

The Greek authorities are continuing negotiations with the EU and the IMF on the financial aid package of € 260 billion. The confrontation of Athens with the ECB could lead Greece to default and a potential exit from the eurozone, noted Bloomberg. According to the current terms of the agreement with international lenders, May 1, Greece must pay the IMF € 203 million on May 12, – € 770 million in June – € 1,6 billion. Early April, the Financial Times reported that Greece introduced a new EU plan of economic reforms, to help save the economy. The Greek government hopes that the new reform plan would help the country to receive the next tranche of financial assistance in the amount of € 7,2 млрд.

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