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The Council of Ministers adopted a decision approving the possibility for the Republic of Bulgaria to apply the special derogation from Article 3m, paragraphs 1 and 2 of Council Regulation (EU) 833/2014 on restrictive measures in view of Russia's actions destabilizing the situation in Ukraine.

The decision of the Cabinet authorizes the execution in the period from December 5, 2022 to December 31, 2024 of contracts concluded before June 4, 2022 or of additional contracts necessary for the execution of such contracts, for the purchase, import or transfer of crude oil transported by sea and of petroleum products listed in Annex XXV of Council Regulation (EU) 833/2014 concerning restrictive measures in view of actions by Russia destabilizing the situation in Ukraine, originating in Russia or exported from Russia, in compliance with article 3m, paragraph 5 of the European regulation, the press service of the cabinet reported.

The Energy Commission of the National Assembly stopped the export of fuels from "Lukoil" in the first reading

The decision also prohibits the sale to buyers located in another member state or in a third country of petroleum products produced from crude oil transported by sea originating in Russia or exported from Russia under CN codes 2710, with the exception of petroleum products specified in the annex to the decision of the Council of Ministers, as well as in cases of ship loading.

The ban comes into effect on March 5, 2023.

The government decision also repeals RMS No. 569 of 2022 for the implementation of Regulation (EU) 2022/879 of June 3, 2022 amending Regulation (EU) 833/2014 and for taking measures to lower prices of fuels for citizens and economic operators.

Council of Ministers

Russian oil