international magazine
02 / 2005

Brody battlefield
The redistribution of Russia's crude export routes ignites a scandal in Ukrainian government

Yukos position on export shipments was not meant to last for long. But Surgutneftegaz, the successor of the Yukos export legacy, immediately ran into trouble. The company's decision to team up with a Ukrainian partner to skim some cash on Ukrainian VAT rebates resulted in a letter of resignation by the newly-appointed Ukrainian minister of Justice Roman Zvarych. As it turned out, the minister's spouse works for Oil Transit the very company to which Surgutneftegaz shipped its first 65,000t of crude in January.