Currency converter
^
News Feed
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

President's proposal to nationalise LUKOIL refinery in Romania rejected by prime minister

October 10, 2014, 14:48 UTC+3 BUCHAREST
Romanian Prime Minister Victor Ponta said on Friday he rejected the proposal of President Traian Basescu to nationalise the oil refinery of Russia’ LUKOIL company in the town of Ploiesti
1 pages in this article
Victor Ponta and Traian Basescu

Victor Ponta and Traian Basescu

© EPA/ROBERT GHEMENT

BUCHAREST, October 10. /TASS/. Romanian Prime Minister Victor Ponta said on Friday he rejected the proposal of President Traian Basescu to nationalise the oil refinery of Russia’ LUKOIL company in the town of Ploiesti.

“Companies do not quit the country just because the president has suddenly lost his temper. Let’s approach the matter reasonably and think of normal functioning of the state,” Ponta told reporters.

On Thursday, Basescu told the Romanian government “to prepare for nationalisation of LUKOIL’s refinery,” if the Russian company, accused of violation of the country’s tax legislation, decided to shut down the refinery.

The damage of LUKOIL’s tax fraud to the economy of Romania may exceed 230 million euro, Basescu said.

LUKOIL Vice President Vladimir Nekrasov said previously that accusations against the Romanian subsidiary of LUKOIL were ungrounded. “We have always been conscientious taxpayers. If some violations have occurred, then those responsible - individuals - will be punished. We will provide all the needed assistance to the investigation in this regard,” Nekrasov said.

On October 2, Romania inspected the refinery as part of an investigation into tax evasion and money laundering. After the inspection, the country’s authorities ordered the plant to suspend operations and seized the crude and products of the refinery. On Monday, LUKOIL challenged the seizure of these assets in a local court.

On Tuesday, LUKOIL restarted operations at the plant as arrest of company’s banking accounts and commercial stock at the plant was suspended.

Show more
In other media
Реклама
Реклама