Russian astronomers fail to detect meteorite’s crash in SiberiaScience & Space December 07, 11:40
Russia’s Almaz-Antey to modernize Iran’s aircraft navigation systemMilitary & Defense December 07, 11:06
Russian colonel killed by 'opposition' shelling in AleppoMilitary & Defense December 07, 10:56
Mission Control Center reveals cause of Progress spacecraft lossScience & Space December 07, 10:44
The Range: The Caucasus from sea to seaSociety & Culture December 07, 10:27
OPEC, Russia agree on mutually accepted formula of oil production cut for 6 monthsBusiness & Economy December 07, 9:59
Maduro to oversee implementation of agreements on cooperation with Russia 'personally'Business & Economy December 07, 9:10
Washington says will negotiate with Moscow on Syria only 'if talks are constructive'World December 07, 8:35
'Harry Potter and the Cursed Child' hits store shelves in RussiaSociety & Culture December 07, 8:12
MOSCOW, October 19. /TASS/. Russia’s Federal Antimonopoly Service (FAS) has permitted Switzerland’s International Trading Partners company to buy a subsidiary of Russia’s Transneft with assets in Ukraine, the regulator said in a statement on Monday.
"FAS has upheld the petition of the Swiss company," according to the statement.
In August, International Trading Partners filed a petition to FAS to acquire 100% voting shares of Yugo-Zapad Transnefteprodukt from Transneft.
Yugo-Zapad Transnefteprodukt has assets in Ukraine.
The regulator drew attention of the Swiss company to the fact that the petition should be submitted in accordance with the law on foreign investments.
According to FAS, Yugo-Zapad Transnefteprodukt is included in the register of natural monopolies in the fuel and energy complex and is a business entity of strategic importance for national defense and state security.
As a result of the proposed transaction the German company, a foreign investor, will have the right to directly dispose of 100 % of voting shares in the capital of Yugo-Zapad Transnefteprodukt, which has a strategic importance for the national defense and state security, the regulator said.
Yugo-Zapad Transnefteprodukt, JSC, has 14 branches in the territory of Russia and two subsidiaries in the neighboring countries: Unitary Enterprise Zapad-Transnefteprodukt (Belarus) and PrikarpatZapadtrans (Ukraine).
For several years the Ukrainian authorities have contested Transneft's right of property for PrikarpatZapadtrans as well as the right of oil products supplied via the Ukrainian pipeline.