BLAGOVESHCHENSK, September 18 (RIA Novosti) – Federal Security Service (FSB) agents have discovered an unlicensed oil refining operation in Russia’s Far East that had produced an estimated 100 million rubles ($3 million) in revenues, an FSB spokeswoman told RIA Novosti on Wednesday.
The refinery, based in the Amur Region, had been operating for about 18 months, processing up to 32 cubic meters of crude a day and distributing its products across the Far East region, FSB representative Olga Orlova said.
Investigators are currently working to establish the sources of crude supplies, she added, without saying exactly when the operation had been discovered.
The refinery was being run by a group of individuals from central Siberia’s Novosibirsk Region, Orlova said, adding that no criminal charges have yet been pressed.
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One of the main achievements of the 6th BRICS Summit was the signing of an official document on establishing a New Development Bank with a declared capital of $100 billion. The creation of the bank is an important step towards institutionalizing BRICS and strengthening its positions in the world in the long run.