"The failure of the South Stream is a sign of Europe's recovery from its dependence on Russian gas and a chance to eliminate side effects — Russia's attempts to manipulate the European policy," the spokesperson Yevhen Perebyinis wrote on his Twitter page.
In 2012, Gazprom announced the construction of a South Stream pipeline across the Black Sea to reduce the chances of Russian gas being delivered to central and southern Europe through Ukraine being interrupted. The pipeline was expected to be fully operational by 2018.
The European Commission assumed a critical stance toward the project claiming that it violated the EU Third Energy Package, which stipulates that pipelines in its member countries cannot belong to natural gas producers. Moscow insists that the construction of the pipeline does not contradict the regulations.