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Bulgaria will veto new EU sanctions package against Russia, PM Radev says

Published by Global Banking & Finance Review

Posted on June 18, 2026

2 min read

· Last updated: June 18, 2026

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Bulgaria to Block New EU Sanctions Package Against Russia, PM Radev States

Bulgaria’s Position on EU Sanctions Against Russia

Government’s Rationale for Veto

BRUSSELS, June 18 (Reuters) - Bulgaria will veto the latest European Union package of sanctions against Russia because it may have a negative impact on its economy and because the government disagrees with sanctions against a Russian bishop, Prime Minister Rumen Radev said on Thursday.

Details of the Expanded EU Sanctions

The EU expanded its sanctions list on Monday, adding 34 individuals and 47 entities linked to Russia's military and industrial complex, its shadow fleet of oil and gas tankers and others involved in political interference activities, including a bishop in the Russian Orthodox Church.

Economic Concerns and Impact on Bulgarian Companies

"There is a significant risk to the operation of Lukoil," Radev told reporters ahead of a European Council meeting in Brussels, referring to the Russian oil company that is one of the largest motor fuel retailers in Bulgaria and runs the country's sole refinery, Burgas.

Request for Exclusion from Sanctions List

"We want it to be excluded from the list," said Radev, a pro-Russian eurosceptic who won a parliamentary election in April after stepping down from Bulgaria's largely ceremonial presidency to run in the vote.

Potential Disruptions to Other Sectors

He also cited potential disruption to the supply of spare parts for the Sofia Metro and of fertilisers.

Broader Implications of Sanctions

"All these matters will have to be addressed within the EU's decision-making bodies," Radev said. "In what way have these sanctions so far stopped the war? And in what way have they helped peace at all?" 

Sanctions Against Russian Religious Figures

Radev said that Bulgaria does not agree with the sanctions against dignitaries of the Russian Church.

"This war has already moved beyond the trenches; it extends beyond economics and energy, we can see its impact on culture and sports and now it only remains for it to engulf religion as well."

Bulgaria’s Support for Ukraine’s EU Accession

However, Radev said that Bulgaria would not obstruct the EU's common decisions on Ukraine.

"We will support the process of negotiations for Ukraine's accession to the EU," he said.

(Reporting by Alex Lefkowitz, writing by Daria Sito-Sucic; Editing by Kirsten Donovan)

Key Takeaways

  • PM Radev will veto the EU sanctions package due to concerns about its economic impact—highlighting potential disruption to Lukoil’s Burgas refinery, vital for Bulgaria’s fuel supply and spare parts for infrastructure such as the Sofia Metro.
  • Bulgaria objects to sanctions on a Russian Orthodox bishop, stating that expanding sanctions into religious figures crosses into culture and faith.
  • Despite the veto, Bulgaria will not hinder the EU’s broader Ukraine agenda, including supporting Ukraine’s accession negotiations.

Frequently Asked Questions

Why is Bulgaria vetoing the new EU sanctions against Russia?
Bulgaria is vetoing the sanctions due to potential negative effects on its economy and objections to sanctions against a Russian bishop.
What economic impact could the sanctions have on Bulgaria?
The sanctions threaten Lukoil's operations, may disrupt the Sofia Metro supply chain, and affect the supply of fertilizers.
Who announced Bulgaria’s intention to veto the EU sanctions?
Prime Minister Rumen Radev announced Bulgaria’s intention to veto the new EU sanctions package against Russia.
Which sectors in Bulgaria could be affected by the EU sanctions on Russia?
The fuel market, public transport (Sofia Metro), and agriculture (fertilizers) could be negatively impacted.
Does Bulgaria support Ukraine's EU accession?
Yes, Bulgaria supports the process of negotiations for Ukraine's accession to the EU, despite vetoing the sanctions.

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