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83 new news items in the last 24 hours
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  2. International

The Bulgarian Parliament voted against a motion to acquire Lukoil assets, in the context of sanctions imposed by the USA.

Sanziana Georgescu
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5 November 2025, 20:21
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International
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Bulgarian deputies rejected on Wednesday a motion requesting the government to draft a proposal for the acquisition of Lukoil's assets in Bulgaria. The motion, initiated by a nationalist-populist party, received 42 votes in favor and 80 against, with 70 abstentions. Lukoil, a Russian oil company, is affected by the sanctions imposed by the U.S. OFAC, which will come into effect on November 21. It owns the Lukoil Neftochim refinery and a large network of gas stations in Bulgaria. Although the motion was rejected, the governing coalition is discussing the possibility of appointing a special administrator for Lukoil's assets, who would have extensive powers in managing them, without administrative or judicial oversight. The bill regarding the sale of the assets has already been vetoed by President Roumen Radev.

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Parlamentul bulgar respinge moțiunea privind naționalizarea activelor Lukoil
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Parlamentul bulgar respinge moțiunea privind achiziționarea activelor Lukoil în Bulgaria

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NEWS ON THE SAME TOPICS

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The United Kingdom has extended the license for the activities of Lukoil's subsidiaries in Bulgaria.
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Bulgarian Prime Minister Rumen Radev announced that Bulgaria officially opposes the 21st package of European Union sanctions against Russia, emphasizing that the decision protects the national interest.
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The Trump administration has extended the deadline for energy companies to acquire the international assets of Lukoil until June 27, 2026.
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The Bulgarian Parliament is divided regarding the EU sanctions against Russia, targeting Patriarch Kirill.
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Petrotel Lukoil refinery announces its entry into insolvency to protect its operations
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Bulgaria motion purchase Lukoil

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