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

Rumen Radev

Bulgaria and Vietnam should capitalise on their strategic geographic positions, says president Radev

Bulgaria and Vietnam should make the most of their strategic geographic positions – Vietnam in Southeast Asia and Bulgaria in Southeast Europe – acting as a gateway for goods and services from Asia to Europe , President Rumen Radev said on Thursday. He..

published on 10/23/25 4:03 PM

INSAIT model gives robots unprecedented 3D spatial intelligence

The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University ‘St. Kliment Ohridski’ has released SPEAR-1, an open-source AI model that gives industrial robots 3D spatial intelligence . The technology is..

published on 10/23/25 3:57 PM

Vietnam Communist Party leader To Lam on official visit to Bulgaria

To Lam, the General Secretary of the Communist Party of Vietnam, is on an official visit to Bulgaria. He was welcomed at a ceremony in St. Alexander Nevsky Square by President Rumen Radev and his wife, Desislava Radeva, as reported by the Bulgarian..

published on 10/23/25 2:25 PM