Russia recently launched an attack on Poland and Bulgaria by cutting off their gas supplies. The move has sparked alarm among Europeans. But the governments of these countries are in no mood to abandon their agendas or to think about the concern of their citizens. Already, the cost of living is high and now the fuel shortages are set to hit the EU.
Protests, discernment, and eventually a Civil War are the likely outcomes in such scenarios. And, Bulgaria seems to be moving in the same direction. According to the leader of the Bulgarian Chamber of Commerce Dobri Mitrev, the industrial and business organizations in Bulgaria are planning national protests if the government stops compensating them for expensive electricity.
Protests could be triggered by growing anti-government sentiment, as well as high prices, gasoline shortages, and power outages.
Electricity can be the next big thing
Each megawatt-hour (MWh) of power used in Bulgaria earns the electrical companies a €150 subsidy. This initiative is funded by state energy earnings generated by high energy exchange prices. With Russian gas supplies interrupted, it became more likely that the subsidies were to be terminated.
And what was probably, occurred. Subsidies to these enterprises have been reportedly terminated by the Bulgarian government. As a result, the owners’ treasuries are now under strain.
There are also disputes between businesses and the government regarding the number of subsidies that have been paid so far. Dobri Mitrev has indicated that if the Bulgarian government does not recognize the importance of subsidies in the economy, protests will be held.
Considering the gloomy situation in Bulgaria, the EU appears to be unconcerned with existing challenges. As part of the fifth round of sanctions imposed on Russia, the European Union has already agreed to phase out Russian coal imports, and Bulgaria is actively engaging in this effort.
Bulgaria may choose to actively cooperate with the EU in the belief that doing so will harm Russia. However, Bulgaria will be the one who suffers the most. Consider this: how can you find an alternative when Russian imports account for half of your economy? That’s the case in Bulgaria.
Not only Bulgaria, but nearly every country in Europe is connected to Russia, either directly or indirectly. The governments are acting contrary to the mood of the people.
Accept it or not, this is a matter of concern and a ticking time bomb. Slowly, if the scenario continues, violence and crime rates will rise in an overwhelming number in the EU countries. Putin will, of course, be held responsible by the media. However, the EU will be directly responsible for this blunder.