Gennady Timchenko

In an exclusive interview for Dnevnik.bg, US ambassador to Bulgaria Marcie Ries said the US were concerned with the construction of the Bulgarian stretch of South Stream.

According to recent reports, the Bulgarian stretch of the pipeline will be built by the Russian Stroytransgaz consortium.

The South Stream gas pipeline project must be temporarily suspended until full compliance with EU law is observed, the EU Commission believes.

In a communique to the European Parliament and the European Council, the EC says that "new investment into infrastructure being made by the dominating suppliers have to match the rules of the [EU's] internal market and competition."

Russian Stroytransgaz consortium will build the Bulgarian stretch of the South Stream gas pipeline, it was revealed.

The Russia company Stroytransgaz, reportedly owned by the blacklisted Gennady Tсmchenko has proposed to buy a share in Bulgarian Energy Holding.

Gennady Timchenko, included in US list of sanctions over Ukraine, is to build Bulgaria's part of the South Stream.

The Russian official is reported to have a 63% share in Stroytransgaz, the company in charge of Bulgarian sector of the South Stream pipeline project.