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

Finance Minister: The cancellation of the derogation for Russian oil will not affect the Bulgarian market

Finance Minister Assen Vassilev
Photo: BGNES-archive

The definitive lift of the derogation for Russian oil from March 1, 2024 should not affect the Bulgarian market and lead to price increases, Bulgaria’s Minister of Finance Assen Vassilev told journalists in Blagoevgrad, the BTA reported. The reason for his comment was the agreement between GERB-SDS, We Continue the Change - Democratic Bulgaria and the Movement for Rights and Freedoms to cancel the derogation for Russian oil in two steps. The first step is the suspension of export quotas from January 1, 2024. The second step is the definitive abolition of the derogation from March 1, 2024. According to Assen Vassilev, Lukoil Neftohim Burgas' warning for forced shutdown of production is an attempt to instill fear. ‘'If there is non-Russian oil, it can safely be exported’', Assen Vassilev explained, as quoted by BNR-Horizont.



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

New F-16 Block 70 fighter aircraft conducts first flight

The new Bulgarian F-16 Block 70 fighter aircraft, which arrived at Graf Ignatievo air base on 2 April, has conducted the first flight of the procedures in the country connected with its integration into the Bulgarian air force, Bulgarian public..

published on 5/29/25 12:16 PM

Agriculture Ministry expects a good wheat harvest

“We expect a good harvest of high-quality wheat which will cover the demand inside the country as well as export after the harvest. Around 90% of the crops are in good and very good condition,” said Deputy Minister of Agriculture and Food Yanislav..

published on 5/29/25 10:46 AM

Low interest in joining the army, over one-fifth of positions remain unfilled

Despite the measures taken, at the end of 2024, 21.8% of the positions in the Bulgarian army remained unfilled, a report on the state of defence and the armed forces of Bulgaria reads. The document was accepted for information purposes by the..

published on 5/29/25 8:56 AM