South Stream project threatened, says Scaroni
Sanctions against Russia over Ukraine crisis affecting Saipem20 March, 17:51
The plan was to extend the South Stream gas pipeline under the Black Sea to southern Europe. However, State-owned Gazprom will likely be a target of European Union sanctions related to Russia's involvement in Ukraine.
EU leaders were meeting Thursday in Brussels where they were expected to discuss tougher economic sanctions on Russia.
Tensions have been running high since Moscow approved a treaty enabling Crimea, an autonomous republic in Ukraine, to join Russia.