Ukrtatnafta, one of the subsidiaries of Ukraine’s largest oil and gas producer Ukrnafta, belongs to Ukrainian oligarch Ihor Kolomoisky. Ukrnafta has recently been fined $53 million for monopolizing the fuel market.
Anti-Monopoly Committee of Ukraine on March 30 completed a five-year investigation into collusion by fuel companies associated with oligarch Ihor Kolomoisky and imposed a $170 million fine on them.
The investigation revealed that a network of 1,625 gas stations — a quarter of all the stations in Ukraine — set the same prices at the same time over the last five years, creating a monopoly, AMCU reported.