Bulgaria takes Russia to court over Gazprom
13 July 2024
Bulgaria's state-owned energy supplier Bulgargaz announced it is seeking €400 million from Russian Gazprom at the International Court of Arbitration in Paris due to the latter's unilateral suspension of gas supplies in April 2022. Bulgaria had previously sought to settle the matter but was ignored by the Russian side.
 | Martin Penov The move marks a new escalation in Bulgaria's standoff with Russian energy suppliers. Gazprom suspended gas shipments to Bulgaria and Poland in a 'tit for tat' move after both instated EU sanctions due to Russia's invasion of Ukraine in the months prior. In the past two years, successive Bulgarian cabinets have been engaged in a standoff with Russian oil giant Lukoil over control of the biggest oil refinery in the Balkans, located in the Bulgarian coastal city of Burgas. |
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