Lukoil, a prominent Russian oil company, has issued a formal request to the Bulgarian government urging it to not impose any restrictions or obstacles on the sale of its sanctioned assets within the country. The call follows a series of ongoing discussions between Lukoil and Bulgarian officials regarding the potential sale of its remaining assets in the Balkan nation.
Historically, Lukoil had enjoyed a near-monopoly in Bulgaria through a sprawling network of oil depots, petrol stations, and firms providing critical services to ships and aircraft. The company’s extensive infrastructure played a significant role in its dominance within the local energy market. With a number of its assets now under sanctions due to its ties to the Russian government, Lukoil has reportedly sought assurances that the sale of these assets can proceed without unnecessary bureaucratic hurdles.
The situation reflects the broader geopolitical tensions between Russia and Western nations, particularly in the wake of the war in Ukraine. Bulgarian officials have previously expressed willingness to cooperate with international sanctions measures, but Lukoil’s request highlights the potential for friction over the treatment of Russian assets in the country. Further developments could have implications for both economic relations and energy security in the region.