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You're reading: RIA Novosti: Ukraine proposes alternative to South Stream

Analysts say Russia is unlikely to support the idea because its goal is to minimize transit risks for its gas deliveries to Europe.

Yanukovych said South Stream will cost 25 billion euros. "We propose a flexible solution that makes the construction of the South Stream pipeline unnecessary," he said Friday at Yalta European Strategy (YES), an international network that promotes Ukraine’s European integration. "If built on land across southern Ukraine, it will cost five times less," Yanukovych said.

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