Leading Bulgarian politicians welcomed US sanctions on three Bulgarians and 64 companies linked to them over alleged corruption on Thursday, June 3, while the European Union signaled its approval by stating that it would not impose countermeasures.
The US Treasury Department stated on Wednesday, June 2, the sanctions were its single biggest action against graft to date, and also targeted plans to create a conduit for Russian political leaders to influence the Bulgarian government.
Leaders of Bulgarian political parties welcomed the sanctions ahead of snap parliamentary elections on July 11, with the leader of the anti-establishment ITN party, Slavi Trifonov, calling them a “friendly hand from a partner.”
The sanctions impose a freeze on any US assets of former lawmaker and media mogul Delyan Peevski, government official Ilko Zhelyazkov, and fugitive gambling tycoon Vassil Bozhkov. Peevski, Zhelyazkov, and three other former officials were also barred from entering the United States.
The US government accused Peevski of influence peddling and bribery, and Zhelyazkov of acting as his front-man to conduct bribery schemes. Peevski has denied wrongdoing and threatened to take legal action over the US sanctions. Bozhkov said the decision to impose sanctions ignored his own status as a victim of extortion.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Federal Competition Office to Scrutinize High Electricity Prices in Germany
Jan 2, 2025 by
CPI
Mexican Lawmakers Advance Controversial Plan to Dissolve Independent Oversight Bodies
Jan 2, 2025 by
CPI
Motorola Accuses UK of Antitrust Breach Over Terminated Emergency Services Contract
Jan 2, 2025 by
CPI
Amazon Must Face Antitrust Case Over Alleged Monopoly Practices
Jan 2, 2025 by
CPI
US Appeals Court Blocks FCC’s Move to Reinstate Net Neutrality Rules
Jan 2, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand