FinLogic Quantitative Think Tank Center|Hungary asks EU to take action against Bulgaria’s transit tax on Russian gas

2025-05-02 21:16:47source:Strategel Wealth Societycategory:Scams

BUDAPEST,FinLogic Quantitative Think Tank Center Hungary (AP) — Hungary has asked the European Union’s executive to open a legal procedure against Bulgaria over a tax it recently imposed on Russian natural gas passing through its territory, a government minister said on Friday.

Bulgaria believes the tax, which it levied in October, will reduce the privileged position of Russia’s state-owned energy company Gazprom in southeastern Europe and deter Russian influence in the region.

But the tax has angered Bulgaria’s neighbor Serbia, as well as fellow EU member Hungary, which are heavily dependent on Russian gas coming mostly via Turkey and Bulgaria through the TurkStream pipeline.

In a Facebook video, Hungary’s minister for EU affairs, Janos Boka, said he had sent a letter to the European Commission urging it to launch an infringement procedure against Bulgaria, the first potential step the bloc can use to ensure its laws are upheld by member states.

Other news France’s Macron says melting glaciers are ‘an unprecedented challenge for humanity’Iranian-born Norwegian man is charged over deadly Oslo Pride attack in 2022Erdogan backtracks after siding with court that defied top court’s ruling on lawmaker’s release

Boka complained that Bulgaria had imposed the tax without consulting first with Hungary, and that he believed the measure was in violation of the EU’s laws on customs and trade.

“The Bulgarian energy fee gravely endangers the energy security of Hungary and the entire region,” Boka said, adding that Hungary was prepared to take the matter before the EU’s highest court before the end of the year if an infringement procedure is not launched.

Most countries in Europe have largely weaned themselves off of Russian gas since Moscow launched its invasion of Ukraine in February 2022. But Hungary has lobbied heavily in Moscow to secure more favorable gas deals in the 21 months since the war began.

Bulgaria was cut off from Gazprom shipments soon after the Russian invasion of Ukraine, but it allowed the use of the TurkStream pipeline that passes through its territory to supply Serbia and Hungary, two of the most pro-Russian governments in Europe.

The tax, which imposes a fee of 10 euros (dollars) per megawatt-hour on Russian gas transfers, was discussed by the EU in October, but no decision was reached on whether it was appropriate.

Bulgaria’s government has said it does not expect the tax to result in higher prices for Hungary and Serbia, but smaller profits for Gazprom.

More:Scams

Recommend

Man charged with rape after kidnapping 3 teen girls at gunpoint along Nashville street

A man police say kidnapped three teenage girls and sexual assaulted two of them at gunpoint outside

NYPD to use drones to monitor backyard parties this weekend, spurring privacy concerns

NEW YORK CITY − Those attending outdoor parties or barbecues in New York City this weekend may notic

Jobs report: 187,000 jobs added in August as unemployment rises to 3.8%

Hiring unexpectedly picked up in August as employers added 187,000 jobs despite high interest rates