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

Rila Monastery welcomes 200 pilgrims following the “Rila miracle-worker” pilgrimage trail

The 200 people who set out on a pilgrimage called the “Rila miracle-worker” are to arrive at Rila monastery today. The “Rila miracle-worker” journey is part of the Christian pilgrimage trails known as the “Road of faith”. Hundreds of Orthodox..

published on 8/5/25 6:15 AM

Rain over Western Bulgaria, sun over the Black Sea coast

On Tuesday minimum temperatures will range between 15 and 21° C., for Sofia 15° C. During the day there will be sun, with clouds forming over Western and Central Bulgaria. There will be brief showers in many parts, with heavy rain and thunder mostly..

published on 8/4/25 6:35 PM
Egyptian vulture (for illustration purposes)

Egyptian vulture poisoned near Krumovgrad

A dead Egyptian vulture was found near the village of Hrastovo in Krumovgrad municipality , the press center of the Regional Directorate of the Ministry of Internal Affairs in Kardzhali announced. Samples were taken from the bird, which is a protected..

published on 8/4/25 6:20 PM