Bulgaria exempt from Russian oil embargo until end of 2024, PM says

Bulgarian Prime Minister Kiril Petkov

© APA | Bulgarian Prime Minister Kiril Petkov

# 31 May 2022 16:22 (UTC +04:00)

Bulgaria has been exempted from the European Union embargo on Russian oil until the end of 2024, Bulgarian Prime Minister Kiril Petkov told reporters in Brussels on Tuesday, APA reports citing CNN.

Further details on the exemption will be revealed in a couple of days, Petkov said as he arrived for the second day of an extraordinary European Council meeting on Ukraine.

Petkov said the exemption would give Bulgaria time to adapt its refinery to process other oil.

He also said he is "glad" the sixth round of EU sanctions on Russia "will pass" and that Russia's "financial flows will stop."

European Union leaders agreed on Monday to ban most Russian oil imports as part of a new sanctions package against Moscow.