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Concerned, Brussels asks government for expanded Magnitsky list




The European Commission building in Brussels PHOTO: Pixebey


There is nothing to worry about, answers Asen Vassilev

The European Commission has urgently requested explanations from the Bulgarian Foreign Ministry and the Ministry of Finance as to the legal grounds for the restrictions imposed on related physical leases and companies with Bulgarian-sanctioned Magnitsky Bulgarians – Vasil Bozhkov, Delyan Peevski and Ilko Zhelyazkov. This was reported by the site “Buffalo”.

According to the publication, this became clear from official diplomatic correspondence between the EC and the government of Stefan Yanev.

The EC has sent questions to Bulgaria’s Permanent Representation to the EU in Brussels, asking for explanations on how the restrictions of the Ministry of Finance, which publishes an expanded list of 21 individuals and 33 legal entities, correspond to the principle of extraterritoriality, which includes US law. “Magnetic”.

Michael Keller, Political Assistant, Directorate-General for Financial Stability, Financial Services and Capital Markets (DG FISMA) of the European Commission, asks about the “black list” of Bulgaria according to the decision of the Council of Ministers Nr. 441 of June 4, 2021

“We have learned that the public institutions in Bulgaria have ordered to terminate the relations with the respective persons and companies, and the Bulgarian banks have been asked to interrupt their transactions,” the EC representative wrote.

“Such unilateral action following sanctions from a third country is a serious cause for concern on the part of the European Commission,” he was quoted as saying.

The caretaker Minister of Finance Asen Vassilev assured Bivol that there was “nothing disturbing” in the inquiry from the European Commission. According to the agency, Brussels could neither lift the restrictions on Bulgarians sanctioned by the United States, nor sanction us for reacting to legislation from a third country act.

Here is part of Vassilev’s answer: “The decision of the Council of Ministers is motivated by the risks on a global scale for Bulgaria and the Bulgarian economy from sanctions, including freezing of assets in banks of budgetary organizations and state companies and enterprises, danger of premature callability of loans, blocking of international transfers, exclusion and exclusion of participation in international business transactions, restriction of trade opportunities and others. “

The position of Yanev’s official cabinet to the EC is to be sent this week, it is clear from the publication.

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