Bulgaria could face protests and government crisis over Lukoil sanctions, Politico warns
Photo: Sanctions against Lukoil could spark protests and the fall of the government in Bulgaria (Getty Images)
The Bulgarian government intends to request a waiver from US sanctions on Lukoil, fearing that the economic restrictions could trigger protests and destabilize the government, according to Politico.
Earlier, US President Donald Trump announced sanctions against Russia’s two largest oil companies, Rosneft and Lukoil, prompting several EU countries where these companies operate to seek exemptions.
Bulgaria is home to a large Lukoil refinery in Burgas, which supplies up to 80% of the country’s fuel needs. The company has historically wielded significant economic influence in Bulgaria.
Against this backdrop, the Bulgarian government has contacted Washington to clarify how to submit a request for exemption from the sanctions. According to sources cited by the publication, the government is concerned that the sanctions could halt refinery operations, leading to widespread fuel shortages and protests.
Experts warn that this could even accelerate a government collapse. However, analysts note that such statements may also be a scare tactic by the government.
Background
Earlier reports indicated that on October 22, the US imposed new sanctions on Russia, targeting its two largest oil companies, Rosneft and Lukoil, along with their subsidiaries in Russia. Violations carry civil and criminal penalties for US citizens and foreign nationals.
Subsequently, Bulgaria's parliament decided to suspend fuel exports, including diesel and aviation fuel, to EU countries due to the new US sanctions against Rosneft and Lukoil.
