Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Balkan Stream pipeline exempted from US sanctions on Gazprombank transactions until March 2025

Bulgarian Energy Minister cites US Treasury Department in parliamentary response

Photo: Archive

The Balkan Stream gas pipeline will not be subject to US sanctions for transactions with Russia's Gazprombank. This was revealed in a written answer to a parliamentary question to Energy Minister Zhecho Stankov.

On December 23, 2024, the Ministry of Foreign Affairs informed the Energy Ministry that, "according to information from the Office of Foreign Assets Control of the US Treasury Department, the Bulgartransgaz capacity expansion pipeline from the Bulgarian-Turkish border to the Bulgarian-Serbian border will not be subject to US sanctions for transactions with Gazprombank until March 20, 2025."

In his response, Stankov also stated that in 2024, grid operator Bulgartransgaz received €280 million in revenue from Gazprom Export's use of the Bulgarian company's gas transmission network, BGNES reports.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Daniel Mitov

Interior minister orders nationwide inspection of dangerous road sections

Against the background of protests in different towns across the country against the “war on the roads”, the poor condition of roads, corruption in public procurement and flawed road repairs, Minister of Interior Daniel Mitov has ordered a..

published on 4/5/25 2:28 PM
Zhecho Stankov (L) and Alparslan Bayraktar

Changes to gas contract between Bulgaria and Türkiye’s BOTAŞ in the offing

Ways to improve the positions of the sides to the contract between Bulgaria’s Bulgargaz, Bulgartransgaz and Türkiye’s BOTAŞ will be discussed until 2 May. Agreement on this was reached in Baku, Azerbaijan, by Bulgaria’s Minister of Energy Zhecho..

published on 4/5/25 1:39 PM
Hundreds came out to protest in memory of Siyana in Pleven last night

Protests against war on the roads after death of a child in serious traffic accident

A wave of outrage is sweeping over Bulgaria after a severe accident on the Telish-Radomirtsi road (Pleven region), in which 12-year old Siyana lost her life as she was returning from a holiday with her grandparents. A protest is scheduled for today..

published on 4/5/25 11:50 AM