Putin Declares Easter Ceasefire in Ukraine War
The Kremlin has announced that Russian President Vladimir Putin has ordered an “Easter ceasefire” in the war in Ukraine, declaring a temporary halt in hostilities lasting around 36 hours
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Russian President Vladimir Putin (R) and his press Secretary Dmitry Peskov (L) leave after Putin`s annual news conference at the World Trade Center in Moscow, Russia, December 17, 2015. EPA/BGNES
Russian President Vladimir Putin on Thursday told journalists he was perplexed to witness the "gutless" position of the Bulgarian government which in his words "ignored national interest".
Putin was referring to the South Stream pipeline project, which Russia abandoned last December, with the President citing opposition from the EU that resulted in Bulgaria refusing to issue construction permits. Agreement was reached back then to build a pipeline to Turkey (Turkish Stream) instead.
At at his annual press conference on Thursday, Russia's head of state underlined that his country had to invest some USD 3 B into South Stream for construction, job openings and salaries, also pointing out that Bulgaria would have started to receive EUR 400 B annually in transit fees if the project had been carried out.
TASS news agency quotes Putin as saying Moscow came up with the project "because Bulgaria supported it, but all of a sounded they didn't want it".
He stressed South Stream's idea had been "to help Bulgaria".
Putin made his comments when asked about major infrastructure projects to which Russia is currently committed.
The fate of Turkish Stream and the Akkuyu nuclear plant which Russia was supposed to build were called into question by the tensions between Russia and Turkey over a Russian bomber downed by two Turkish F-16s near the border with Syria.
On Turkish Stream, Putin said it did not "depend on us [Russia]" whether the project would be realized.
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
Fuel prices in Bulgaria have recorded a sharp upward movement over the past month, with diesel showing the most significant increase, according to data from the Fuelo platform
Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
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