Support The Moscow Times!

Bulgaria to Counter Rosatom

SOFIA — Bulgaria is considering filing a 61 million euro ($88 million) claim against Rosatom in a dispute over the construction of a 6.4 billion euro nuclear plant, Energy Minister Traicho Traikov said.

Rosatom unit Atomstroiexport said July 22 that it has filed a 58 million euro claim against Bulgaria to the International Court of Arbitration in Paris for delayed construction work payments. The National Electricity Company, which supervises the project, said it might file a counterclaim for unpaid purchases of old equipment.

National Electricity "will choose the best way to respond to this claim when it receives an official notification of the lawsuit filed by Rosatom," Traikov told reporters Tuesday. "The company is preparing for several scenarios."

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.