SDS Calls for Investigation of Petrol Deal with Russian Firm under US Sanctions

By , 22 Feb 2020, 09:34 AM Politics
SDS Calls for Investigation of Petrol Deal with Russian Firm under US Sanctions Wikimedia - Minale Tattersfield - CC-by-2.0

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STA, 18 February 2020 - The Democrats (SDS) called on Tuesday for an emergency session of the parliamentary Public Finance Oversight Commission to examine a cooperation memorandum signed last September by the state-controlled energy company Petrol with a Russian company subject to US sanctions.

The memorandum with T Plus was signed as part of a visit to Moscow by outgoing Prime Minister Marjan Šarec and envisages cooperation with the T Plus Group and Schneider Electric Russia in the field of energy efficiency.

Petrol's chairman at the time Tomaž Berločnik said the two projects planned involved work on the optimisation of district heating. He valued them at "a few million euro" and potentially at a few dozen million in the future.

However, citing documents published by the US Department of the Treasury, the SDS is pointing out that T Plus is part of the Russian Renova Group, which is subject to US sanctions along with its billionaire owner Viktor Felixovich Vekselberg.

The sanctions were introduced in April 2018 over interference in the 2016 US presidential election, with the US also freezing Vekselberg's assets.

The SDS is puzzled by how the government, Foreign Ministry and the SOVA intelligence agency could allow the memorandum to be signed, and what is even worse, to be signed during Šarec's official visit to Moscow.

The party claims all of the listed institutions as well as the PM and the management and supervisory bodies of Petrol and state asset manager SSH had obviously failed to fulfil their duties.

The SDS says that Petrol now runs the danger of becoming subject to retaliation measures on the part of the US, which could undermine government revenue and the value of state assets, while the SSH and government could also be compromised.

"The signing of the memorandum under to auspices of the Slovenian government could also bring negative consequences for other areas of transatlantic cooperation," the party wrote.

The SDS is thus proposing that the Public Finance Oversight Commission ask the government to have the SSH draw up a report on the matter, to have Petrol withdraw from the memorandum and to have authorities examine whether official duties were neglected, money laundered or terrorism financed as part of the memorandum signing.

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