Economy of Russia

"Bulgargaz could be sued by Russian energy giant Gazprom in an arbitration case, risking paying hundreds of millions of dollars." This was stated by the Acting Energy Minister Rosen Hristov during the parliamentary control.

Russian warplane slammed into a residential building in the Siberian city of Irkutsk on Sunday, killing both crewmembers, authorities said. It was the second time in less than a week that a combat jet crashed in a residential area in Russia.

Rosatom, which has been wiring money to Ankara to shore up Turkey’s depleted foreign currency reserves, signs deal with Gazprombank

Berlin said on Sept. 16 it had taken control of the German operations of Russia firm Rosneft, which runs several refineries, to secure energy supplies which have been disrupted after Moscow invaded Ukraine.

The Kremlin said on Monday the halt of gas deliveries to Germany via the Nord Stream pipeline was caused by Western sanctions that prevent the maintenance of its infrastructure.

President Rumen Radev described as shocking the price of natural gas for September after returning from an official visit to the UAE. Yesterday, the Commission for Energy and Water Regulation (EWRC) decided that it would rise the price by nearly 19% compared to August and make it BGN 353.21/Mwh.

Ravil Maganov was a close associate of one of Lukoil’s founders, Vagit Alekperov

Russian state-backed energy company Gazprom is ready to pay the Kremlin 2.5 billion rubles after posting record profits.

The company reported a net profit of 2.5 billion rubles for the first six months of this year. Oil and gas prices rose during that period, pushed up by supply concerns following Russia's invasion of Ukraine.

"Toplofikatsia Sofia (Heating Systems Sofia) owes BGN 399 million to Bulgargaz," Denitsa Zlateva, executive director of Bulgargaz, announced on BNT.

She reminded that "Bulgargaz" cannot by law stop the supply of gas to heating companies and will seek new loans from the Ministry of Energy.

The Russian Economic Development Ministry unveiled on Tuesday the scenarios for the development of the Russian economy until 2030.