Under the terms of an agreement signed on March 11 in Sofia, Russia is reportedly prepared to invest nearly $1 billion in Bulgaria’s energy sector. Bulgarian state radio reports that the accord includes potential Russian investments of $650 million in the Neftochim oil refinery, and a loan of $250 million to upgrade the Kozlodui nuclear power plant. Bulgaria is heavily dependent upon Russia for fuels. The agreement comes as Moscow labors to discourage Sofia from drifting toward NATO and the West. (AP, March 11)
Details of Border Pact with China Might not be Disclosed.