Billion-dollar settlement in Turkish-Russian gas dispute
Turkish president Recep Tayyip Erdogan and Russia's Vladimir Putin at a summit (Credit: Kremlin.eu)
As Turkey and Gazprom reach a deal on part of a strategically important Black Sea pipeline, Turkish state entity Botaş is reportedly to receive a US$1 billion payment from the Russian company to settle a gas-pricing dispute that was being heard in arbitration in Stockholm.
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