A view shows a fuel station, which is operated by a company controlled by Tatneft units, in Sevastopol, Crimea September 7, 2017. Picture taken September 7, 2017. REUTERS/David Axelrod
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One of Russia's biggest oil companies, Tatneft, has been doing business in Crimea despite the risk of being placed on a U.S. sanctions blacklist, according to company documents and a source close to Tatneft.Tatneft said in a Sept. 18 statement to Reuters that it has no fuel stations in Crimea and cannot control where fuel products it sells end up.Tatneft's presence in Crimea would give the U.S. Treasury Department legal grounds to include it on a list of companies which U.S. entities are forbidden to do business with, according to two Moscow-based lawyers who specialize in sanctions law -- one of them with an international law firm and another with a Russian law firm.The U.S. Treasury Department, whose Office of Foreign Assets Control enforces sanctions, declined to comment on Tatneft's presence in Crimea and any implications for companies that do business with Tatneft.Tatneft-Aktiv and Tatneft-AZS-Tsentr are 100 percent controlled by Tatneft, while Processing Center is 99 percent controlled by Tatneft, according to SPARK.It also said Tatneft did not now, or in the past, own fuel stations in Crimea and that the company had ended its presence in Crimea in 2013 .
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