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Bulgaria Imposes Partial Fuel Export Restrictions
(MENAFN) Bulgaria has implemented partial limitations on fuel exports to European Union countries due to security and supply worries following recent US sanctions targeting Russia’s Lukoil.
The Russian oil company manages the largest refinery in the Baltic nation, Neftochim Burgas, and operates over 200 service stations under Lukoil Bulgaria.
Last week, Washington sanctioned Lukoil along with another major Russian energy firm, Rosneft, accusing Moscow of failing to show commitment to the Ukraine peace negotiations.
Russia responded by stating that it remains open to dialogue but seeks a comprehensive agreement addressing the underlying causes of the conflict in Ukraine.
On Friday, Bulgaria’s parliament approved a temporary prohibition on the export of specific fuels—primarily diesel and jet fuel—to other EU countries.
The measure passed with 135 votes in favor, 4 against, and 42 abstentions.
Lawmakers described the ban as a precautionary move to safeguard domestic fuel supplies, reduce market speculation, and prevent shortages connected to the sanctions.
They also highlighted that Lukoil’s stakes in essential Bulgarian energy infrastructure could become subject to US restrictions, potentially limiting access to international banking systems and dollar-based supply networks.
The ban does not affect gasoline, as the country produces enough to meet local demand, nor does it apply to fuel for aircraft, ships, or military deliveries for EU and NATO forces.
Bulgaria’s customs agency has been instructed to implement the restrictions but may permit limited exports under special circumstances.
Some members of parliament criticized the decision, labeling it a hasty or alarmist response, while others recommended consultation with Brussels to avoid any retaliatory measures that could impact Bulgaria’s fuel imports from the broader EU.
The export restrictions will come into force upon publication in the State Gazette, although the exact duration remains unspecified.
The Russian oil company manages the largest refinery in the Baltic nation, Neftochim Burgas, and operates over 200 service stations under Lukoil Bulgaria.
Last week, Washington sanctioned Lukoil along with another major Russian energy firm, Rosneft, accusing Moscow of failing to show commitment to the Ukraine peace negotiations.
Russia responded by stating that it remains open to dialogue but seeks a comprehensive agreement addressing the underlying causes of the conflict in Ukraine.
On Friday, Bulgaria’s parliament approved a temporary prohibition on the export of specific fuels—primarily diesel and jet fuel—to other EU countries.
The measure passed with 135 votes in favor, 4 against, and 42 abstentions.
Lawmakers described the ban as a precautionary move to safeguard domestic fuel supplies, reduce market speculation, and prevent shortages connected to the sanctions.
They also highlighted that Lukoil’s stakes in essential Bulgarian energy infrastructure could become subject to US restrictions, potentially limiting access to international banking systems and dollar-based supply networks.
The ban does not affect gasoline, as the country produces enough to meet local demand, nor does it apply to fuel for aircraft, ships, or military deliveries for EU and NATO forces.
Bulgaria’s customs agency has been instructed to implement the restrictions but may permit limited exports under special circumstances.
Some members of parliament criticized the decision, labeling it a hasty or alarmist response, while others recommended consultation with Brussels to avoid any retaliatory measures that could impact Bulgaria’s fuel imports from the broader EU.
The export restrictions will come into force upon publication in the State Gazette, although the exact duration remains unspecified.
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