Lithuania stops cargo destined for Arctic wells in Russia Business



[ad_1]

The shipment has been withheld because the merchandise, according to the Customs Department, has a dual purpose and such exports must be subject to the presentation of an export license.

European Union exports of machinery used in the oil and gas industry are also subject to corresponding sanctions.

Customs Dep. Photo Equipment retained by customs

Customs Dep. Photo Equipment retained by customs

Lithuanian customs had another reason for stopping this shipment: it is suspected that the real value of the goods with a declared value of more than one million euros has been reduced.

The fountain armor (a set of valves, the so-called Christmas tree) found in a shipment stopped by Lithuanian customs officials is one of the most important mechanisms in the oil and gas industry. The equipment is designed for oil well work: it lifts liquid oil or natural gas from wells to the surface. The equipment is believed to be designed to operate in oil and gas wells in the Arctic flange.

Customs officials wrote an arrest report for the director and opened an investigation.



[ad_2]