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

Balkan Stream pipeline exempted from US sanctions on Gazprombank transactions until March 2025

Bulgarian Energy Minister cites US Treasury Department in parliamentary response

Photo: Archive

The Balkan Stream gas pipeline will not be subject to US sanctions for transactions with Russia's Gazprombank. This was revealed in a written answer to a parliamentary question to Energy Minister Zhecho Stankov.

On December 23, 2024, the Ministry of Foreign Affairs informed the Energy Ministry that, "according to information from the Office of Foreign Assets Control of the US Treasury Department, the Bulgartransgaz capacity expansion pipeline from the Bulgarian-Turkish border to the Bulgarian-Serbian border will not be subject to US sanctions for transactions with Gazprombank until March 20, 2025."

In his response, Stankov also stated that in 2024, grid operator Bulgartransgaz received €280 million in revenue from Gazprom Export's use of the Bulgarian company's gas transmission network, BGNES reports.



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

Cool weather with variable clouds

On Thursday, the lowest temperatures will be between 11 and 19°C. In Sofia it will be 13°C. During the day the cloudiness will be variable, decreasing to sunny over many areas. There will be short showers only in the mountains of..

published on 7/9/25 7:10 PM

Fourth no-confidence motion against Rosen Zhelyazkov’s cabinet to be voted on Friday

On Friday, the National Assembly will vote on a no-confidence motion against the cabinet of Prime Minister Rosen Zhelyazkov over ''failures in environmental and water policy''. The fourth no-confidence motion against the current government was tabled..

published on 7/9/25 6:09 PM

Albania's National Assembly Speaker Elisa Spiropali visits Bulgaria

The Speaker of the   Parliament of  Albania, Elisa Spiropali, has arrived in Bulgaria for an official visit. The two-day visit is at the invitation of National Assembly Speaker Natalia Kiselova . Elisa Spiropali was welcomed at the airport by the..

published on 7/9/25 5:48 PM