Posted on 01/08/2020 4:29:06 PM PST by elpadre
He says that Ukrainian companies affiliated with Naftogaz's top management rather than European firms most often trade in Russian gas in Ukraine.
"The scheme they earn on Ukrainians is as follows: Naftogaz's top managers sell Russian gas to Ukrainians, calling it European. And this 'renaming' has brought them $1.5 billion in revenue. The originators of the Naftogaz reform, including Mr. [Amos] Hochstein, who is fully accountable to Biden, could not help but know about the scam with Russian gas. And judging by the fact that part of the stolen money was wired to American companies, they also covered up that scheme," Derkach said at a press conference at Interfax-Ukraine in Kyiv on Tuesday, December 17.
The MP stressed that Ukraine had overpaid almost $1.5 billion for the so-called European gas in the past five years.
"Most of this sum has settled in the pockets of representatives of the Ukrainian company and, presumably, officials of Naftogaz. To put it simply: Ukrainians' money has been 'naftogazed.' The largest importer is the Energy Resources of Ukraine (ERU) Group of Companies, registered both in Ukraine and in tax havens, which was headed by Andriy Favorov. He is currently in charge of the Naftogaz Integrated Gas Business Division," Derkach said.
According to him, part of the company's profit was siphoned into offshore accounts.
"For example, the company transferred almost UAH 348 million to ERU MANAGEMENT SERVICES LLC's bank account from July 21, 2016, to June 23, 2017, and almost UAH 274 million from May 25, 2017, to July 25, 2017. In total, this is over UAH 620 million. These are only the numbers that investigative journalists were able to trace. It is clear that the total siphoned sum is higher," he said.
Derkach claims the scheme was covered up by Biden's appointee, member of Naftogaz's Supervisory Board Hochstein.
What causes the price difference between Russian and European gas?
good question? Who on FR can tell us?
This guy Derkach keeps on saying thing but none of it ever seems to make it to America. Is he legit or a flake?

"That's easy! I do!"
I only know what I read. Interfax is a Ukrainian publication and having read other stories seen in recent past proved accurate, I believe it to be a reliable source
I think the answer is tariffs.
Should have all the books open and find out who has their hand in the till. McCain, Romney, Kerry, Graham.....etc
Foreign aide kick backs is one way politicians get rich quick
European smells like fear and failure, Russian smells like arse.
Somebody ping President Trump's FR lurker.
Tariffs a d rules for production
Biden, Pelosi, Kerry. In it up to their eyeballs. Something must be done. How about it, Mr. President?
1.5 billion is a lot of hookers, strippers and blow.......and children for the Biden gang.
The top offenders need to be immediately removed.
Only an idiot couldn’t see the scam here. The point is that ‘Russia is an aggressor’ and Ukraine shouldn’t buy its ‘bloody gas’. Although Ukraine is ready to die before giving up on gas transit of Russian gas to Europe which is a bit schizophrenic in combination.
The stated point is that instead of paying Russia for a bloody gas Ukraine buys it in Europe but the reality is Europe doesn’t have any gas and its gas is a Russian gas pumped through Ukraine.
So in reality the so called European gas is a Russian gas withdrawn from a pipe transporting it to Europe but some European companies were premium price for ‘exporting it’ - the commodity and services they obviously didn’t provide in reality.
At first it looked like a schizophrenic waste of money based on ill-percieved vision of patriotism.
It now makes much more sense knowing that the so-called European companies they ‘import from’ belongs to the Ukrainian gas firm affiliated with politicians. There are billions of dollars made out of thin air or more correctly taken from the pockets of empoverished comsumers for nothing.
“difference between Russian and European gas?”
Is the higher pitch on it’s
emittance.
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