Hungary and Bulgaria Try to Keep Russian Gas Flowing

Hungary and Bulgaria Try to Keep Russian Gas Flowing

OilPrice.com

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Hungary and Bulgaria are in a bind. With U.S. sanctions hitting Gazprombank—the go-to middleman for Russian gas payments—the two are scrambling to figure out how to keep the gas moving without breaking the rules. Hungarian Foreign Minister Peter Szijjarto claims they have cracked the code with a “legal-financial solution.” Meanwhile, Bulgaria is keeping its cards close to the vest, simply saying they’ve discussed an “option” that could work for everyone. For Hungary, Russian gas is a lifeline they’re…

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