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IMF: Bulgaria is among the worst affected countries by sanctions against Russia

Published: August 6, 2014
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Source: Focus

The report pointed out that Bulgaria is among the countries that may be affected the most by sanctions against Russia. Direct foreign investments from Russia in the banking sector, energy, metallurgy, etc exceed 5% of the GDP of Bulgaria, as well as Belarus, Moldova and Montenegro.
Due to problems with the construction of the South Stream gas pipeline, Bulgaria, Hungary, and Serbia may be left without investments, a report by the International Monetary Fund (IMF) stated, Duma daily writes. 

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