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Bloomberg: Bulgaria to get a transition period until June or December 2024 to phase out imports of Russian oil

Photo: EPA/BGNES-archive

According to the European Union’s revised draft on sanctions against Russia, Bulgaria would get a transition period until June or December 2024 to phase out imports of Russian oil, Bloomberg reports. Croatia will get an exemption for imports of vacuum gas oil. According to Bloomberg, “the European Commission sent a revised proposal to national governments on Saturday that would spare shipments of oil through the giant Druzhba pipeline, which is Hungary’s main source of crude imports”.

According to a Bloomberg source, the European Commission also proposed restricting re-exports of Russian oil supplied by pipeline to other member states or third countries. Member states would phase out their imports of seaborne crude in six months and refined petroleum products in eight months, Bloomberg reports.




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