Deputy Foreign Minister in Moscow
Deputy FM, Spyros Kouvelis, arrived in Moscow on June 6, on a three-day visit to Russia.
Yesterday, Kouvelis co-chaired, with the Russian Transport Minister Igor Levitin, the 7th Greek-Russian Joint Inter-ministerial Committee meeting and attended a Greek-Russian Business Forum.
Today, Kouvelis is travelling to Sochi, where he will meet with the Russian Deputy Premier Dmitry Kozak to discuss the possibility of Greek enterprises participating in the preparations for the 2014 Winter Olympics.
During Kouvelis’s meetings in Moscow, a memorandum of understanding between the Greek and Russian transport ministries was signed. Also a protocol which places emphasis on alternative forms of tourism and investments in seaports, hotel and spa infrastructure was signed in the framework of the 2nd Joint Greek-Russian Tourism Committee.

South Stream Natgas Pipeline Charter Signed
While in Moscow, Kouvelis attended the signing - by the Hellenic Gas Transmission System Operator (DESFA) and the Russian company Gazprom - of the founding Charter of a joint Greek-Russian company that will undertake the construction and exploitation of the South Stream natural gas pipeline.
According to the charter, each side will be holding a 50% stake in the joint venture, while the headquarters of the new company, called South Stream Greece S.A., will be in Athens.
The South Stream pipeline will transport Russian natural gas to central and south-eastern Europe via the Black Sea. Bulgaria, Serbia, Hungary, Slovenia, Croatia and Austria are also participating in the project.
The pipeline is expected to supply the Greek market with approximately 1.5-3 billion cubic meters of natural gas annually, and to serve as a transit hub for Europe.
Ministry of Foreign Affairs: Bilateral relations with Russia; Energy Affairs
Greek News Agenda: Greek-Russian ties that bind; Greece-Russia forge ties