Bulgaria’s National Assembly approved on November 7 amendments to the country’s law regulating operations in the oil and oil products industry, expanding the powers of special representatives appointed to manage assets deemed of critical importance.
Although the amendments at no point refer to the assets of Russian oil major Lukoil, which owns the Lukoil Neftochim oil refinery in Bourgas and an extensive network of petrol stations through Lukoil Bulgaria, the motives tabled by the bill’s sponsors specifically point out that the changes were aimed specifically at those companies.
Lukoil became subject of US sanctions last month, but the US Treasury Department’s Office of Foreign Assets Control
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