Bulgaria achieves exemption from EU embargo on Russian oil imports

Lukoil fuel storage tanks at the Rosenets Port terminal near Burgas. Archive photoMOSCOW, May 31.Bulgaria has achieved an exemption from the European Union embargo on Russian oil supplies until the end of 2024, Sofia Globe reports with reference to the country's Prime Minister Kiril Petkov. published in two days, Bulgaria will have a separate paragraph with derogations specifically for us,» the official said. According to him, such an exception will allow Sofia to adapt the oil refining industry to importing fuel from other countries. Members of the European Union managed to agree on a partial ban on oil supplies from Russia, which will affect maritime transport. According to the head of the European Council, Charles Michel, this will affect two-thirds of imports. Fuel coming through the pipeline will not be subject to new restrictive measures. The head of the European Commission, Ursula von der Leyen, said that by the end of the year the EU will actually reduce imports of Russian oil by 90 percent. with regard to Russian energy resourcesAs noted by State Duma deputy from United Russia Nikita Chaplin, given the increase in oil prices that will occur due to EU sanctions, Russia will not lose much in income. According to Ivan Abramov, deputy head of the Economic Committee of the Federation Council, Russia can find new markets for oil in Southeast Asia and Africa. Western countries have stepped up sanctions pressure on Moscow after the start of a special operation to denazify and demilitarize Ukraine. The EU countries are seriously considering the possibility of abandoning Russian oil and gas. At the same time, some states, in particular Hungary, blocked the sixth package of sanctions for a long time.