Turkey ratifies Turkish Stream gas pipeline agreement

Turkey ratifies Turkish Stream gas pipeline agreement

The Russian-Turkish agreement on the Turkish stream gas pipeline project entered force today after being signed by the Turkish president Recep Tayyip Erdogan and published in the government’s official Resmi Gazete.

Turkish Prime Minister Binali Yildirim mentioned the deal before heading to Moscow.

"As you know, during last week’s session our parliament ratified the agreement to implement the Turkish Stream project. We now expect the State Duma to do the same," TASS cited him as saying.

Russia’s Prime Minister Dmitry Medvedev will discuss the progress in implementation of the Turkish Stream gas pipeline project at the meeting with his Turkish counterpart today.

The head of the Regional Banking Association, the chairman of the Duma Committee on Economic Policy, Innovation and Entrepreneurship Development, Anatoly Aksakov, speaking with a correspondent of Vestnik Kavkaza, said that the State Duma will consider positively the ratification of the agreement on the Turkish stream project in the near future.

"We are also interested in the fact that our gas will be supplied to Turkey and southern Europe, bypassing unreliable partners. Arrangements have been made for a long time ago. The Turkish side had impeded an agreement under any unseemly pretexts, but this was done under pressure from its Western partners. Now, I understand that Turkey understood that those who press them are not particularly interested in the interests of Turkey, and, accordingly, changed its position, including on the Turkish stream," he said.

Ratification of the agreement will be possible in the coming months. "I admit that it will happen this year, at least in January we will definitely consider it. Considering the fact that we have started working on this project without waiting for ratification, after signing the agreement, we will need to take into account the economic aspect. And as for the implementation itself, Gazprom will have to defrost what has been done already and accelerate," Anatoly Aksakov concluded.