Russia supplies oil to Crimea’s Feodosiya despite sanctions

State Unitary Enterprise "Crimean Fuel Alliance" has organized reception of oil tankers in the port of Feodosiya in violation of Western sanctions, according to local news service Novosti Kryma.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

"In the last two months, we received six small tankers. But this is an indicator of the beginning of operations of the Feodosiya terminal, despite sanctions," Serhiy Beim, General Director of Chornomorneftegaz oil and gas company, said.

According to him, the Oil Trading company is engaged in transportation of oil products from the mainland territory of the Russian Federation to Crimea through the Feodosiya oil terminal. The total cost of oil supplied to the peninsula under a contract is RUR 2 billion.

"This was a RUR 2 billion purchase, while the income of Chornomornaftogaz from the sale of light oil products amounted to RUR 2.5 billion. That means that we earned RUR 500 million. This helped us pay our salaries and the salaries at the Feodosiya terminal, which at that time had problems in this regard," Beim said.

State Unitary Enterprise "Crimean Fuel Alliance" was included in the list of companies, against which the West imposed economic sanctions.

In March, 2015 Crimean Fuel Alliance was reorganized by merging with Chornomorneftegaz.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!