Podcast in English
Text size
Bulgarian National Radio © 2024 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

Greece reinforces police at Promakhon checkpoint on border with Bulgaria to speed up border crossing

Authorities in Greece will deploy more police officers at the Promakhon checkpoint on the border with Bulgaria to speed up the processing of documents for people and vehicles crossing the border, reports BNR's correspondent in Greece, Katya Peeva...

published on 11/22/24 6:09 PM
Hungarian Minister of Interior Sandor Pinter

Romania and Bulgaria have a chance to join Schengen by land as of January 2025

Romania and Bulgaria have a chance to join the Schengen area by land as  of January 2025 , Hungarian Interior Minister Sándor Pinter said after an informal meeting in Budapest of the interior ministers of Hungary, Bulgaria, Romania and Austria ...

published on 11/22/24 4:37 PM

Sofia Christmas festival will kick off tonight in front of National Palace of Culture

The Sofia Christmas Festival will open tonight in the park in front of the National Palace of Culture in the heart of Sofia . The third edition of the festival starts at 6.30 pm with a rich program and attractions - а Ferris wheel, a carousel and..

published on 11/22/24 4:24 PM