Russia's Lukoil Says Appealed Against Asset Seizure in Romania

Reuters

MOSCOW, July 14 (Reuters) – Russia's second-biggest oil producer Lukoil said on Tuesday it had appealed in a Romanian court against an asset seizure related to an investigation into alleged money laundering and tax evasion at its refinery in the country.

Romanian prosecutors last week seized Lukoil assets worth up to 2 billion euros ($2.2 billion) as part of the investigation. Lukoil has denied accusations and said it would appeal against the asset seizure.

Thomas Mueller, the firm's vice president for oil refining, said the allegations were "totally unfounded" and hurting the business but Lukoil had no intention of shutting down or selling the plant.

"We are operating today and hope we will continue," Mueller told a news conference. ($1 = 0.9069 euros)

(Reporting by Katya Golubkova; Writing by Maria Kiselyova, editing by Jason Bush)

 

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