The End of South Stream Project and Gazprom's New Beginnings

Radio Sputnik is looking into this week`s major economic events together with experts Hugo Kyselka, who is Chief of Marketing at the Czech gas operator company VEMEX, William Engdahl, an award-winning writer and geopolitical analyst and Ilter Turan, a Professor of Political Science at İstanbul Bilgi University.

The end of the South Stream pipeline project announced by the Russian authorities made headlines this week. Russia and Turkey decided to increase the current gas supplies to Turkey and build a new pipeline to the republic. 

The Russian Central Bank conducted its third largest intervention on the market this week. The move was made in order to hold back on the rubble`s ongoing slide.

And finally on an easier note — we discuss the new online trendsetter — the mobile taxi booking company Uber. The company boosted its valuation to record highs leaving such giants as Twitter and Yahoo way behind.