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Georgian FM says Rosneft doesn’t violate laws

7 January 2015 16:21 (UTC+04:00)
Georgian FM says Rosneft doesn’t violate laws

Russia’s Rosneft doesn’t conduct direct financial and other operations in Georgia’s territory, thus, the law on the occupied territories isn’t violated.

Tamar Beruchashvili, Georgian Foreign Minister made the remark on Januray 7 while commenting on the deal on purchasing the shares of Georgia’s Petrocas Energy International company by Rosneft company.

The company’s controlling stake (51 percent) is owned by Russian billionaire of Georgian origin David Yakobashvili.

Beruchashvili said the Georgian government continues watching the process of implementation of the deal, as well as the Poti port where the Petrocas Energy International is carrying out its activities.

The Poti port is of strategic importance and Georgian government will ensure full transparency in its operation, she said.

“As far as I know, currently, the law on the occupied territories is not violated, since Rosneft doesn’t operate in Georgia’s territory,” she said. “This issue is being studied by the country’s Foreign Ministry and Economy Ministry.”

Petrocas Energy International and Rosneft intend to create a joint company, according to the preliminary data.

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