Russia expands its sphere of influence over natural resources

The last time this came up, Russia (Gazprom) was offering their help to Serbia. Today, it’s Bulgaria:

Bulgaria has agreed to a gas pipeline deal with Russia that is expected to strengthen Moscow’s grip over energy supplies to Europe.

The Bulgarian cabinet has agreed to allow the planned South Stream pipeline to pass through the country on its way from the Black Sea to southern Europe.

The South Stream project is seen as a rival to the planned Nabucco pipeline, which is backed by the EU and the US.

Interestingly enough, Bulgaria has a 20% stake in the Nabucco pipeline, too. One can see why they have an interest in the South Stream project, though (from the BBC):

Who wouldn’t want to have their hands on the fuel faucets of Europe?