Bulgarian Government Members See No Cause for Panic over US Sanctions on Russian Oil Companies

Washington’s latest sanctions targeting Russia’s largest oil companies, Lukoil and Rosneft, remained a hot topic in Bulgaria on Friday in light of Lukoil’s operation of the country’s only oil refinery, Neftochim, in the seaside city of Burgas.
Justice Minister Georgi Georgiev said the Neftochim refinery and several other subsidiaries representing the Lukoil group in Bulgaria meet the criteria of the newly announced US sanctions. According to him, the Bulgarian authorities react to specific filings that may indicate attempts to change ownership in violation of sanctions, and several such attempts have been reported. Georgiev said the Justice Ministry is taking measures to ensure adequate fuel supplies for the Bulgarian people. The Minister accused his political opponents of using the ongoing events for fearmongering.
Energy Minister Zhecho Stankov said Bulgaria has a clear action plan following the US decision to impose sanctions on Rosneft and Lukoil, and fuel supplies for the Bulgarian market are fully secured until the end of the year. He emphasized that Bulgaria will act in coordination with its European partners facing the same situation. Regarding speculation about possible fuel price increases, Stankov said the market will be closely monitored and control measures will be taken if necessary.
Ivaylo Mirchev, co-chair of Yes, Bulgaria and MP from Continue the Change- Democratic Bulgaria, said Delyan Peevski and Boyko Borissov are attempting to negotiate Peevski’s removal from the US Magnitsky sanctions list against a deal involving Lukoil and the TurkStream gas pipeline. Mirchev said that over the past two years, Borissov has had several meetings with influential figures in Washington, raising the question of “doing something to get Peevski off the Magnitsky list.”
Velichie MP Krasimira Katincharova said the subsidiary of Russia’s oil company Lukoil in Bulgaria is preparing for possible government control in case of a change in ownership. She noted that Delyan Peevski, sanctioned for corruption both in the US and the UK, has been becoming ever more deeply embedded in the governance of the Bulgarian state over the last 11 years.
Vazrazhdane leader Kostadin Kostadinov said Prime Minister Rosen Zhelyazkov should stop listening to those around him who are telling him that Lukoil’s business in Bulgaria must be sold. He warned that the Bulgarian state is preparing to interfere directly in the affairs of a private company — and one of the largest in the world. Bulgarian Government Members See No Cause for Panic over US Sanctions on Russian Oil Companies THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-10-24 20:46:29 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law

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