The G-7 is considering the possibility of imposing a price cap on Russian crude oil, transported by sea, in the range of 65-70 US dollars per barrel, BTA reported. The topic was also discussed with the representatives of the 27 EU Member States with the idea of reaching a common position. Opinions in the EU vary, with some countries calling for much lower prices and others for higher ones. The purpose of the discussions is to introduce a price cap on Russian oil exported by sea, which will come into force on December 5. The decision is part of sanctions that are supposed to limit Russia's revenue from oil exports so that it has less money to finance its military actions in Ukraine.
Meanwhile, work on restoring electricity supply started in a number of regions in Ukraine, after three out of four operating nuclear power plants in the country were disconnected from the electricity grid. In many places, including the capital city of Kyiv, work is focused on repairing critical infrastructure. In the region of Zaporizhzhia, electricity has been restored. According to the Ministry of Energy, in addition to the nuclear power plants, many of the thermal power plants and hydropower plants were also disconnected from the network, which aggravated the situation even further.
After the Russian missile attack yesterday, 80% of households in Kyiv do not have water and electricity, BTA informs. The television broadcast network, the electricity transmission network and the water supply have been affected. Electrified buses do not run due to power shortages and metro trains run at long intervals. There is also a problem with the Internet connection throughout Ukraine. In places where web access is available, mobile operators complain of capacity overload. Power and water supply in the city are expected to be restored today.
Bulgarian Finance Minister Temenuzhka Petkova will travel to Brussels to provide an update on Bulgaria’s progress towards euro area accession. The Finance Ministry has confirmed that Minister Petkova will participate in the Eurogroup meeting on 17..
Minimum temperatures on Monday will be between minus 4 and 1°C. In Sofia it will be around minus 3°C. The mercury will hover between -3 and 0 °C in the north. Maximum temperatures in southern Bulgaria will be between 2 and 7°C. In the capital it will..
The one-year anniversary of the death of Russian opposition leader Alexei Navalny was marked with a memorial service in Sofia's St Nedelya Cathedral. It was organised by the movement "For a Free Russia" - an association of Russian immigrants in..
Bulgaria’s Premier Rosen Zhelyazkov convened an emergency meeting at the Council of Ministers on Saturday dedicated to the issue of food prices...
Kristiyan Vladov and Stefan Kyurkchiev of the Plovdiv Museum of Natural History are working on a project to bring live fish from the southern Arctic..
Bulgaria's Minister of Foreign Affairs, Georg Georgiev, participated in a working breakfast dedicated to addressing illegal migration and its..
+359 2 9336 661