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flag UK and US pause sanctions on Bulgaria’s Lukoil refinery to ensure fuel supply, allowing transactions until mid-2026.

flag The UK has paused sanctions on Bulgaria’s Lukoil Burgas refinery and affiliated stations, allowing financial transactions until February 14, 2026, following U.S. sanctions on Russia’s oil sector. flag The U.S. Treasury issued a license permitting certain transactions involving Lukoil entities in Bulgaria until April 29, 2026, to prevent operational disruptions. flag Bulgaria appointed Rumen Spetsov as special administrator to manage the refinery, enabling government seizure of assets amid concerns over fuel shortages. flag The move, approved by parliament, grants broad powers to sell assets without judicial review, sparking criticism over rule of law risks. flag The U.S. and UK actions aim to balance pressure on Russia’s war financing with energy security in allied nations.

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