"We see the future divided into three periods - the first is in December, when the embargo on Russian oil enters into force, the second - until the end of 2024, when the sanctions on the Bulgarian economy will begin to work, and the third is how the internal market will develop after 2024, considering Lukoil Neftohim Burgas", commented Vadim Vorobyov.

For his part, Bulgaria's President Rumen Radev emphasized that the Russian company was an important part of Bulgaria's economy, one of the main employers and a major producer of fuels with a predominant market share. 

"High fuel prices are among the leading reasons for the increase in the price of all goods and services and lead to a contraction in consumption, therefore I believe that your upcoming meeting with the government is a good opportunity, strictly following market mechanisms, to identify measures to stabilize the economic environment and to fight inflation for the benefit of the Bulgarian consumers", said the president.