But in Bulgaria commentators were outraged that he blamed their country for the project's demise. And newspapers in Western Europe saw economic reasons behind the South Stream fiasco.
President Putin's announcement featured prominently on Russian TV. Popular state-controlled TV channels Rossiya 1 and Channel 1 branded it "sensational".
The reason behind the move is "the EU's non-constructive position", Channel 1 explained.
Bulgaria - an EU member since 2007 - stopped building the pipeline in June after pressure from the European Commission. South Stream was designed to pump gas all the way to Central Europe.
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