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    Situation in Ukraine After Ceasefire Agreement (450)
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    The Ukrainian Security Service opened a criminal a criminal case against Russian oil company LUKoil for "financing the terroristic and illegally-formed so-called DPR (Donetsk People’s Republic) and the LPR (Luhansk People’s Republic)".

    KIEV, January 16 (Sputnik) – The Ukrainian Security Service (SBU) has opened a criminal case against Russia's oil giant LUKoil for "financing terrorism," SBU said in a statement on Friday.

    "The Ukrainian Security Service has documented grave breaches by subjects of the economy, including…LUKoil, against the demands of the current legislation of oil products and their future sales in the territory of Ukraine and using the acquired funds for financing the terroristic and illegally-formed so-called DPR (Donetsk People's Republic) and the LPR (Luhansk People's Republic)," the service said.

    The SBU said that during 2013 and 2014 the Russian company was involved in smuggling more than two million tons of oil products worth some $2 billion via Ukraine's ports and border points.

    According to the Ukrainian Security Service, profits from contraband sales were transferred to LUKoil's subsidiaries.

    LUKoil is Russia's second largest oil company accounting for 2.1 percent of the world's crude oil output. It is the world's largest privately owned oil and gas company, measured by proven oil reserves.


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    criminal case, Security Service of Ukraine, LUKoil, Ukraine, Russia
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