Gazprom has approved a three-and-a-half year loan to aid construction of the upcoming Turkish Stream (TurkStream) pipeline. The project was announced on December 2014 by Vladimir Putin on a state visit to Turkey. Turkey is regarded as a strategic bridge for energy between Central Asia and Europe. The pipeline will go from Russia's Krasnodar region, on the North Eastern edge of the Black Sea, to Turkish Thrace. Geographically, the Black sea has multiple countries on its edges, including Russia, Turkey and Ukraine, and Bulgaria, Romania and Georgia.
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