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

Bulgaria resubmits second payment request under the National Recovery and Resilience Plan

Bulgaria has resubmitted its second request for payment under the National Recovery and Resilience Plan (NRRP), amounting to EUR 653 million. The request covers the implementation of 59 milestones and targets, 20 of which were related to legislative..

published on 7/24/25 8:43 AM

Participants from eight countries takе part in the International Folklore Festival "Srebarna Pafta" in Kyustendil

From July 24 to 26, Kyustendil will host the 21st edition of the International Folklore Festival "Srebarna Pafta/Silver Belt Buckle" – a celebration of cultural diversity and dance art from around the world, BTA reports. The festival will bring..

published on 7/24/25 6:15 AM

Nationwide orange heat alert

On Thursday morning, temperatures will range from 19 to 23°C, 21°C  in Sofia. Considerable cloud cover is expected over the eastern regions during the morning, with showers likely in north-eastern Bulgaria. The rest of the country will see sunny weather...

published on 7/23/25 7:05 PM