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Unusual Barter Agreement Struck Between Russia & Bulgaria

Under a 1998 barter arrangement, Bulgaria receives gas from Russia’s state-owned Gazprom in return for allowing transit through its territory to a number of other countries including Turkey, Greece, and Macedonia.

The barter agreement has been extended 10 years. Bulgaria will be provided gas at a fixed price, which after the latest hikes in fuel is among the lowest in Europe.



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