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Minister of Finance Assen Vassilev

If Russian oil is halted and Bosphorus is closed, Bulgaria can hold out for 6 months: Finance Minister Assen Vassilev

The European Commission will afford Bulgaria an opportunity to continue with the Russian oil deliveries but, at the same time, ways will be sought to diversify imports. In the words of Deputy Prime Minister and Minister of Finance Assen..

13.05.22 14:43 |
Chairman of the Management Board of Lukoil Neftohim Burgas Ilshat Sharafutdinov.

Without Russian oil the only oil refinery in Bulgaria will stop working, head of "Lukoil Neftohim Burgas" says

If the import of Russian oil in Bulgaria stops, the only oil refinery in the country will stop working, said the Chairman of the Management Board of Lukoil Neftohim Burgas Ilshat Sharafutdinov. According to him the  facility could also process oil..

09.05.22 15:40 |
Radoslav Ribarski

Bulgaria wants to be excluded from EU sanctions on import of Russian oil

There is no official response to Bulgaria’s request to be excluded from the embargo on the imports of Russian oil to the EU, Radoslav Ribarski, chair of the National Assembly’s energy committee and MP from We Continue the Change party, one of..

07.05.22 12:53 |
Ursula von der Leyen and Josep Borrell

Negotiations continue in the EU on a new package of sanctions against Russia

The EU is close to reaching an agreement on the 6th package of sanctions against Russia, said the head of the community's foreign policy, Josep Borrell. The ambassadors of the member states did not reach an agreement on the first day of the..

06.05.22 09:50 |

Bulgaria could call for postponement of ban on Russian oil imports

Bulgaria could call for a postponement of suspension of Russian oil imports if the European Commission allowed such possibility in the upcoming package of new sanctions against Russia. This was what Deputy Prime Minister Assen..

05.05.22 15:42 |
Kostadin Kostadinov

Vazrazhdane party warns that Russia could suspend oil deliveries

There is a high probability that the Russian Federation will take actions related to oil supplies to EU and NATO countries, chairman of "Vazrazhdane" Kostadin Kostadinov warned at a briefing in the parliament, referring to..

05.05.22 12:52 |

Bulgaria to spend over half a billion euro for purchase of wheat, sunflower and corn

Bulgaria is to spend over half a billion euro on the purchase of wheat, sunflower and corn in order to replenish its reserves, Minister of Finance Assen Vassilev said after the cabinet meeting. He pointed out that there was no..

09.03.22 15:01 |

Andrey Gyurov: Lukoil is resetting its capacity to work with non-Russian oil

The Bulgarian government is preparing a plan to provide a resource of fuels, based on the worst-case scenario for the war in Ukraine , the chairman of the parliamentary group of the political party "We continue the change", Andrey Gyurov, told BNR...

06.03.22 15:13 |

Bulgaria's Prime Minister: There is unfounded panic over fuel prices

Bulgaria's Prime Minister Kiril Petkov announced that there was unfounded panic over the availability of fuels and fuel prices. There is fuel and there is no chance that we could run out of fuel, Petkov stressed in a post on Facebook. On..

03.03.22 16:50 |
Economy Minister Emil Karanikolov

Bulgaria to build 100 state-run gas stations

The Bulgarian state will seek own financing for the construction of state-run gas stations, announced today Bulgaria's Minister of Economy Emil Karanikolov, after an extraordinary meeting in the Council of Ministers. At the meeting, the government..

18.05.20 19:50 |
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