The head of state believes that U.S. President Donald Trump struck Russia with “truly effective” sanctions. Read also: U.S. and EU sanctions deal major blow to Russia’s wartime economy — Financial Times “What the ‘Russians,

Bulgaria is preparing measures to secure uninterrupted supplies of oil and oil derivatives after the U.S. imposed sanctions on Russia's Lukoil , which runs the country's biggest oil refinery, Energy Minister Zhecho Stankov said on Friday.

Days after canceling a planned summit with Putin, citing a lack of progress toward ending the war in Ukraine, Trump took a major step by effectively blacklisting Rosneft and Lukoil.

The statement comes a day after the US imposed sanctions on Russian oil giants Rosneft and Lukoil, which account for over two-thirds of India’s oil imports from Russia—currently the biggest supplier of crude oil to India with a market share of over 35 per cent.