Czech branch Lukoil to pay nearly 28 million crowns to state

The Czech branch of the Russian-based oil firm Lukoil has to pay a fine of 27.7 million crowns to the State Administration of Material Reserves, a board of appeal decided on Wednesday. The case goes back to 2009 when the firm reportedly failed to replace part of 30,000 cubic metres of aviation fuel. The Czech branch of Lukoil is headed by Martin Nejedlý, chief advisor of President Miloš Zeman. Mr Zeman said earlier he would consider firing him depending on the court verdict.