Bulgarian Parliament Overturns Radev’s Veto on Lukoil Asset Bill
Photo: Bulgarian President Rumen Radev at the Budapest Demographic Summit 2023. Budapest, Central Europe. Date: 14 September 2023, 11:57 Source: Own work Author: Elekes Andor Licensing: This image is licensed under the Creative Commons Attribution-Share Alike 4.0 International license.
Bulgaria’s parliament has voted by majority to overturn President Rumen Radev’s veto on a bill regulating the possible sale of Lukoil’s assets in the country, Orda.kz reports, citing Bntnews.
Radev had previously vetoed the legislation, which was passed by parliament in late October. The law requires that any transactions involving Lukoil’s Bulgarian assets be carried out only under the supervision of the State Agency for National Security (SANS) and with approval from the Council of Ministers.
The president argued that the provision placed the government in a position of dependence on the security service, which he said contradicts the constitution.
With the veto now overridden, the restrictions take effect immediately.
Lawmakers backing the bill say the measures aim to prevent the resale of Russian-owned enterprises in violation of international sanctions.
Latest news
- Kazakhstan Maintains Neutral Stance on Middle East Escalation
- Kazakh MFA: Citizens Evacuated from the Middle East via Oman and Saudi Arabia
- Kazakhstan to Spend 4.6 Trillion Tenge on Road Projects Through 2029
- Central Asia Competes for the Skies: Why Kazakhstan Risks Falling Behind Uzbekistan on Jet Fuel
- The War in Iran Opens a Window of Opportunity for Kazakhstan’s Oil Sector, Analysts Say
- Iran Conflict Escalates Beyond the Gulf: What Kazakh Experts Say About Risks for Central Asia and Kazakhstan
- Kazakhstan Prepares Possible Evacuation of Its Citizens From Iran
- LRT in Astana Is Reaching the Finish Line: The Launch Is Expected in the Coming Months
- Kazakhstan Ready to Help the UAE Amid Escalation in the Region
- Tokayev Discusses Middle East Escalation With Qatar’s Emir
- Airlines Ready to Bring Kazakhstanis Home From the Middle East
- Tokayev Sends Support Messages to Gulf Leaders Amid Regional Escalation
- Kazakhstan Bans Its Airlines From Flying Over Several Middle East Countries
- Astana Strengthens Security Measures Amid Escalation Around Iran
- Tokayev Meets U.S. Ambassador Stufft, Discusses Board of Peace Cooperation
- Mangystau Launches AI-Assisted School Monitoring to Prevent Teen Suicidal Behavior
- Kazakhstan to Supply UK With Critical Minerals
- AI Faculties for Educators to Open in Kazakhstan: What Other Changes Are Coming to the Education Sector
- There Are Medals — But Not Enough Ice: What’s Happening to Figure Skating in Kazakhstan
- Is Kazakhstan’s Nuclear Power Plant Project at Risk After New UK Sanctions? Rosatom Responds
