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Bulgaria introduced an additional tax on gas transit from the Russian Federation

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Russian energy monopolist Gazprom has not yet announced whether it intends to pay the tax questioning the validity of this proposal, but Bulgaria is counting on the payments.

Bulgaria has begun imposing an additional tax on the import and transfer of pipeline gas from Russia. Bloomberg reported this.

The tax, introduced in mid-October, is intended to increase Bulgaria’s revenue and limit Russia’s ability to finance the war against Ukraine.

According to Finance Minister Asen Vasilev, the Bulgarian government expects to receive the first monthly income within the next ten days.

Hungary, which depends on Russian gas sent to Bulgaria, said the Bulgarian government’s actions were illegal and required an investigation. Serbia and North Macedonia have also expressed concern about it.

The Russian energy monopolist Gazprom has not yet announced whether it intends to pay the tax questioning the effectiveness of this proposal, but in Bulgaria they rely on payments and call not to think about this topic.

It was previously reported that the share of the Russian Federation in the global gas market will decrease by half by 2030. The cessation of Russian gas supplies to Europe after the invasion of Ukraine tested the global energy system, but Russia’s attempt who used gas supplies for political influence failed.

Russia’s oil and gas revenues rose to record levels


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Source: korrespondent

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