Bulgaria to stop importing oil from Russia in March

Bulgaria's ruling parties have reached an agreement, including the abandonment of crude oil imports from Russia as early as March 2024, to avoid a political crisis in the country.

According to Ukrinform, this was reported by The Sofia Globe.

According to the agreements of November 17, the exemption for imports of Russian oil will be canceled ahead of schedule in two stages.

Thus, as of January 1, 2024, export quotas will be suspended, and as of March 1, 2024, imports and processing of Russian oil will be suspended permanently.

"The solution found for the retreat (from oil imports from Russia - ed.) is useful for Bulgarian citizens because, on the one hand, it stops exports and money going to Russia, and on the other hand, it guarantees no shocks in the domestic fuel market," said Finance Minister Assen Vasiliev.

It is noted that these agreements between the parties of the ruling coalition in Bulgaria will allow the vote of no confidence in the government of the country headed by Prime Minister Nikolay Denkov, which is to be held on November 22.

Author - Serhii Kolomiets, 18/11/2023