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. Last Updated: 07/27/2016

Blue Stream Agreement

MOSCOW -- The government Monday approved the Blue Stream gas pipeline to Turkey, a major underwater engineering project, and sent to parliament legislation needed to ratify the agreement.

Current plans for the project, which have not yet been finalized, call for a third of the $1.5 billion pipeline to run along the bed of the Black Sea.

The Cabinet approved a protocol on the project Monday, and Prime Minister Vladimir Putin forwarded it to parliament. The deal includes tax breaks that parliament must approve.