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Ukraine’s illegal oil market totals 25-30% of total volume — Ukrainian energy minister

March 11, 2015, 19:57 UTC+3 KIEV
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KIEV, March 11. /TASS/. From 25 to 30% of the Ukrainian oil market is functioning under the shadow business paradigms, minister of energy and coal industry of Ukraine Vladimir Demchishin said on Wednesday.

"The share of the shadow market is rather high. Traders estimate the illegal oil products market at the level of 25-30%. This figure approximately totals 2 mln tons of oil products, meaning uncollected taxes," the minister added.

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