Hungary evades US sanctions on Russian Gazprombank with Bulgaria’s help

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A solution has been found with Bulgaria to the problem caused by the new US sanctions against Russia’s Gazprombank so Hungary’s energy supply remains stable, Minister of Foreign Affairs and Trade Péter Szijjártó said in Sofia on Friday.

After talks with Bulgaria’s president, energy minister and acting foreign minister, Szijjártó said Hungary now received most of its natural gas imports via Bulgaria, his ministry said in a statement.

Hungary has received more than 7bn cubic metres of gas this year via the TurkStream pipeline, which is essential to the country’s energy supply, he said.

“Both Bulgaria’s president and energy minister confirmed that we can count on Bulgaria to continue to be our reliable transit partner,” Szijjártó said.

“Thus, the supply of natural gas to Hungary can be unhindered via Bulgaria, which is important because the decision of the outgoing US administration to put Gazprombank on a sanctions list has put both Hungary and Bulgaria in a difficult situation,” he said.

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