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Russian oil company urges Ukraine to investigate financial terrorism allegations

The Security Service of Ukraine alleged that Lukoil officials orchestrated smuggling and selling of more than 2 million tons of oil products worth $2 billion in 2013-2014

© ITAR-TASS/Valery Matytsin

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Lukoil denies Ukraine Security Service’s accusations of unlawful actions

MOSCOW, January 27. /TASS/. Russian oil giant Lukoil sent a formal letter to the investigation department of the Security Service of Ukraine (SSU), the company said in its statement.

The company expressed its position concerning the situation with its business in Ukraine.

Lukoil particularly mentioned that the company is carrying out its operations in strict compliance with the law. "This is evidenced by spotless reputation we enjoy among contractors, investors and customers. Lukoil is therefore interested in the quickest possible investigation of this case to ensure comprehensive and objective examination of all actual circumstances," the company said in its press release.

The company stated its readiness to proactively collaborate with enforcement agencies and furnish requisite information pertaining to business operations in Ukraine.

Lukoil added in the letter that it has not received any formal notice from the Ukrainian side.

TASS reported earlier that the SSU had launched a criminal case on terrorism funding against affiliates of Lukoil and VETEK groups.

The SSU alleged that Lukoil officials orchestrated smuggling and selling of more than 2 million tons of oil products worth $2 billion in 2013-2014.

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