Bulgaria will require a two-year delay before stopping imports of Russian oil, like other affected EU member states, today fuel in Bulgaria is aiming for 4 leva per liter.

According to bourgas.ru, Bulgaria will require a two-year delay before stopping imports of Russian oil, like other affected EU countries, today fuel in Bulgaria is aiming for 4 leva per liter. Radoslav Ribarski, Chairman of the Energy Committee of the National Assembly of Bulgaria, announced this on air for Bulgaria.

So far, the European Commission has not accepted Bulgaria’s request to exclude the country from the general terms of the embargo. However, Brussels is ready to devote more time to Hungary, Slovakia and the Czech Republic on the grounds that they are landlocked and cannot provide alternative supplies of Russian oil.

The Bulgarian government will continue to insist on lifting the embargo on Russian oil, and if this becomes a fact, our country will veto it.

“We are in favor of derogations that other countries will receive. Negotiations are still underway, but there are signals for 2 years for the Czech Republic. Otherwise, the sanctions are likely to interfere with us,” Ribarsky said.

“In my opinion, it is quite reasonable to ask from our side for a delay. Therefore, to reduce the volume of refining that we process from Russian oil by about 80%. Serious consequences for the economy of the Burgas region and for final fuel prices in Bulgaria,” commented Vladislav Panev, MP from Democratic Bulgaria.

However, according to economist Ruslan Stefanov, our government has not provided enough data on how this sanction will affect Bulgaria. However, he expects the European Commission to grant Bulgaria such a reprieve.

Bulgaria has alternative sources of crude oil supplies from the Middle East. But they must be coordinated with the Neftokhim refinery in Burgas, which still processes not only Russian oil, but in a smaller percentage.

“They have the ability to refine alternative oil. The company’s statements that it should be below 50% should have independent technological expertise from the Bulgarian government,” Stefanov added.

“As far as we know at the moment, 50-60% of the oil processed by the Burgas refinery is Russian. I hear from technologists that this percentage can go down to 10%. Let the experts speak and judge. If Neftokhim can still work entirely with non-Russian oil, then I don’t see a problem with joining the embargo,” concluded Vladislav Panev.

Everyone is sure that in the near future we can expect a new increase in fuel prices, but so far they will not exceed 4 leva per liter.

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