Hungary and Bulgaria have found a legally and financially acceptable solution for both parties to continue the transit of Russian gas through Bulgaria to Hungary amid U.S. sanctions against Gazprombank, Hungarian Foreign Minister Peter Szijjarto posted on a personal page on social media.
Szijjarto said that Hungary pays for Russian gas through Gazprombank, Bulgaria receives funds through Gazprombank for transiting gas, and the parties have found a solution that is not subject to sanctions.
Hungary receives Russian gas via the Turk Stream pipeline from Russia to Turkey, and then in transit through Bulgaria to Hungary. Hungary has received the bulk of the over 7 billion cubic meters of gas that the country consumes via this route this year.
At the same time, Bloomberg, citing the Bulgarian Energy Ministry, reports that only an option for solving the problem was discussed, which would include Hungary and allow Bulgaria to continue receiving transit fees after the arrival of Russian gas.
Bulgaria had previously warned that it could stop the transit of Russian gas to Central Europe if Gazprom did not find a payment solution, the agency recalls.
