UK Business

Why Bulgaria and Poland can withstand Russia cutting off their gas supply

Written by Alexander Mihailov, Associate Professor in Economics, University of Reading

Russian energy giant Gazprom has completely cut off gas supplies to Poland and Bulgaria. Both countries are apparently being punished for refusing Russia’s demand that they pay for their gas in roubles.

Other EU countries have also refused to pay in Russian currency (doing so would provide a boost to the Russian economy), but so far only...

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