Bulgaria has scrapped two of its three Russian-backed energy projects. Plans to build the 2,000MW Belene nuclear power plant on the Danube River were cancelled last week, and the Burgas-Alexandroupolis oil pipeline was dropped in December. Usually saying ‘no’ to Russian President-elect Vladimir Putin carries a heavy price.
However, the government of Bulgarian Prime Minister Boyko Borisov is now trying to show renewed enthusiasm for the third project, the South Stream gas pipel...
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