Vassilev warns Lukoil plan ignores sanctions

ByEnigma 808

Former finance minister Assen Vassilev argued that legislation rushed through parliament in approximately 30 seconds addresses refinery ownership rather than supply continuity after US sanctions against Russian petroleum companies take effect on November 21. Speaking to Bulgarian National Radio, Vassilev indicated that transferring refinery operations typically requires six months to one year and suggested alternatives, including designating an interim operator to manage cash flows and pursue temporary exemptions.

The We Continue the Change leader criticized the proposal originating from lawmakers representing ITN, GERB, and DPS-New Beginning, warning that potential involvement by Bulgarian Energy Holding could replicate cost overruns from previous infrastructure failures. He accused the governing coalition of abandoning fiscal conservatism by raising taxes despite maintaining rates during earlier crises, including the pandemic and energy disruptions.

Vassilev contended that the 2026 budget allocates excessive funds improperly, while healthcare salary commitments remain unwritten despite increased hospital appropriations.

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    Besides writing and being a content creator, Enigma 808 sometimes likes to watch paint dry on walls, listening to ASMR while timing snails racing. Such is life.