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EU companies face €2.5bn in losses over South Stream abandonment
Wednesday, December 3, 2014 9:31
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European companies involved in construction of South Stream will suffer direct losses of at least €2.5 billion after Russia canceled the project, says a South Stream Transport press release.
The total amount of losses of foreign companies is estimated at €2.82 billion, an official paper said Tuesday.
Italian energy holding ENI, a subsidiary of which (Saipem) has been contracted to lay the pipeline, will suffer the biggest loss, at €2 billion …. http://rt.com/business
Source: http://luismmx.blogspot.com/2014/12/eu-companies-face-25bn-in-losses-over.html
