Most visited Russian business news agency RBC (RosBusinessConsulting) has quoted Legion Oil & Gas LLC’ Managing Director Denis Varaksin. This shows in-depth knowledge of commodities market by our team.
The issue in hand is a situation with a Ukrainian trader Cantarell Trading that took responsibility for illegal supplies of diesel to Ukraine from the Orsk oil refinery, which belongs to Mikhail Gutseriyev’s ForteInvest.
In 2017, Cantarell Trading signed a contract with ForteInvest for the supply of diesel fuel to the Republic of Turkey. During the process of diesel fuel transportation Cantarell Trading decided to redirect the vessel to Ukraine, which became the reason for initiation of criminal case on smuggling by law enforcement agencies of the Russian Federation.
According to Interfax-Ukraine News Agency, The Federal Service for Technical and Export Control introduced a special authorization-based procedure for importing oil products to Ukraine back in 2015.
“Everyone on the Black Sea market knows about the procedure and everyone follows these requirements,”
Denis Varaksin, Managing Director of the trading company Legion Oil & Gas LLC GmbH.
More details on this topic is available in Russian on RBC news website.
