Bulgarian Prime Minister Rumen Radev said Bulgaria will no longer participate in the new round of European funding for Ukraine and will not supply Ukraine with weapons and ammunition from its military stockpiles.

Axar.az reports, citing RBC Ukraine, that Radev said that Bulgaria is currently subject to an excessive budget deficit procedure. The country is facing difficulties with its reserves, so under the current circumstances, it cannot provide financial assistance.

"As for financial assistance, we ourselves are under an excessive deficit procedure, and Ms. Ursula von der Leyen has repeatedly asked us to reduce the deficit below the 3% limit," the prime minister said.

He stressed that Bulgaria would not prevent other EU member states from making their own decisions regarding the provision of financial assistance.

Bulgaria is ready to discuss mechanisms that would guarantee that the funds are used exclusively for humanitarian needs, electricity supplies, and medical assistance – rather than for purchasing weapons.