Bulgarian President Roumen Radev said on November 5 that he vetoed the Investment Promotion Act amendments that provide that the Lukoil refinery in Bourgas and the company’s subsidiaries may be sold only after clearance from the State Agency for National Security (SANS) and the Cabinet.
The bill was passed by Parliament last month, after the United States Treasury Department announced US sanctions on Lukoil and Rosneft, which the Bulgarian government said affected the refiner
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