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Alexander Mihailov, Associate Professor in Economics, University of Reading

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

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 Bulgaria and Poland have had their supply cut.

The immediate response from Poland has been that it can “manage” without Russian gas, with storage levels high and demand decreasing as the weather gets warmer. Bulgaria meanwhile, has accused Gazprom of a serious breach of contract, and is in talks with EU allies about maintaining supplies.

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