EBGp Peering issue.

[laxmicisco]

Can I establish the EBGP peering between R1 & R2 ?

if cant then why ??

what would be issue with the TCP session ??

[paul driver]

Hello
The bgp neighbor peering's need to be on the same subnet to establish connection.

[MHM Cisco World]

friend this is wrong, 

config loopback in each router and use static route for routing to other loopback ip address.

then finally use this loopback as update source for eBGP.

[Giuseppe Larosa]

Hello,

BGP peering  requires to configure exactly the neighbor as expected on other side and this happens in your configuration . Then you would need to provide a value greater then 1 to ebgp-multihop.

However as noted by other ones the correct way to configure this is to use static routes and loopback addresses and ebgp multihop as this allows to use both links in  both directions

Hope to help

Giuseppe