Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria to support the European Union's 11th package of sanctions against Russia

Caretaker Minister of Economy Nikola Stoyanov
Photo: BGNES

We are not faced with the dilemma whether to support the European Union's 11th package of sanctions against Russia. Bulgaria will support the sanctions as usual. The 11th package of sanctions is aimed at limiting the possibilities of circumventing the existing sanctions, caretaker Minister of Economy Nikola Stoyanov said in Parliament.

According to the analysis of the Ministry of Economy, the impact on the Bulgarian economy of the previous sanctions is insignificant. In 2022, Bulgaria's exports to Russia have decreased by less than 2%. Over the past 10 years, Bulgaria's trade with Russia has been around 5-6% of its total trade. In Minister Stoyanov’s words, Bulgaria should prepare to limit fuel imports from Russia, because the EU derogation expires at the end of 2024.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Susan Falatko

Susan Falatko will assume the role of Chargé d’Affaires at US Embassy in Sofia

Career Foreign Service Officer Susan Falatko has arrived in Sofia on February 18 to assume the role of Chargé d’Affaires. Prior to this appointment, Ms. Falatko’s service includes assignments as Deputy Chief of Mission and Chargé d’Affaires at the..

published on 2/18/25 6:54 PM

President Radev: Drug use by young people endangers our nation

Bulgaria's President Rumen Radev convened today a meeting of the National Security Advisory Council, dedicated to the risks and threats to national security arising from the spread of narcotic and intoxicating substances among the younger generation and..

published on 2/18/25 6:50 PM

Protest against the adoption of the euro to be held on February 22

The Vazrazhdane parliamentary party is organizing a protest on February 22 in front of the Bulgarian National Bank against Bulgaria's entry into the Eurozone and for preserving the Bulgarian lev.  Other parties and civil organizations are expected..

published on 2/18/25 5:10 PM