Sanctions involving Russia

EU member states have agreed on the 15th package of sanctions against Russia, which includes measures targeting the so-called shadow fleet of third countries that enables Russia to export oil and natural gas while bypassing Western sanctions.

Russia's economy will grow further this year despite Western sanctions over its Ukraine invasion, while Israel's war against Hamas in Gaza will weigh on neighbouring nations, Europe's development bank forecast Wednesday.

"We are not boasting off or anything like that, but as you can see, my answer will continue to be that we will try to defend our position as long as possible. We managed to do that for two years. Whether we will continue to do that - I don't know, but I hope so'', said Vui in an interview with TASS Director General Andrey Kondrashov.

Hungary has withdrawn its objection to the European Union's proposed 13th package of sanctions against Russia, clearing the path for their adoption in response to the ongoing conflict in Ukraine.

The Finance Minister, Asen Vassilev, disclosed a substantial upsurge in the import-export activities of dual-use goods to Azerbaijan and Russia, routed through Bulgaria. Addressing the issue after discussions with Prime Minister Denkov and European Commissioner Mareid McGuinness on Financial Stability, Vassilev underscored forthcoming measures to cease these channels.

Bulgarian MP Delyan Peevski has raised serious concerns regarding the apparent circumvention of international sanctions against Russia by individuals closely linked to Russian President Vladimir Putin, calling for urgent investigations by the country's law enforcement agencies.

Ukraine is strengthening its forces on the northern border due to the arrival of fighters of the Wagner paramilitary formation in Belarus, and Ria Novosti reports that anti-tank trenches have been dug in the Chernihiv region on a stretch of more than 40 kilometers.

"After the collapse of the euro, it is best for Bulgarians to keep their savings in BGN". The advice comes from Johns Hopkins University in Baltimore professor of applied economics Steve Hanke. He told Nova TV that the imposition of sanctions on Russia actually reflected much worse on Europe. In his words, "they have proved to be a suicidal act for the European economies".

The G-7 countries have imposed a new package of sanctions against Russia. The measures are aimed at the military industry and military supply chains.

The EU leaders are meeting to discuss the 6th package of sanctions against Russia