Bulgaria can decide how it will be using the revenues it makes from the €10/MWh tax on Russian gas imports transiting through Bulgarian territory, the European Commission confirmed.
Last Thursday, Bulgarian Prime Minister Nikolai Denkov announced that consultations are underway between Bulgaria and the European Commission on the energy tax of €10/MWh introduced on 13 October on Russian gas imports that transit through Bulgarian territory.
Bulgaria expects €1.2-1.5 billion in annual revenue from the new tax, which Denkov said could go directly into the EU budget.
A week ago, Bulgarian Finance Minister Asen Vassilev said that if Gazprom refuses to pay, its financial collateral from contracts in Bulgaria or assets in the country will be seized, report Serbian media outlets.
