SOFIA, July 9 (Reuters) - Bulgarian state gas company Bulgargaz EAD has started arbitration proceedings against Russia's Gazprom Eksport OOO, seeking compensation of 400 million euros ($432.76 million) for breach of contract in 2022, the company said on Tuesday.
The Bulgarian company launched proceedings on Monday before the Arbitration Court of the International Trade Chamber in Paris as the Russian company failed to respond to its invitation to settle.
"After the Russian side did not take action to settle the matter out of court, Bulgargaz took the necessary steps to protect the company's interests," it said in a statement.