Topic: Gazprom Anti-Trust Probe
MOSCOW, September 12 (RIA Novosti)
- Putin Decree Steps up Govt Role in Gazprom Probe
- Gazprom to Discuss European Commission’s Probe
- Gazprom Faces €10 bln Fine in EU Antitrust Probe
- Gazprom Sheds $2 bln Overnight on EU Probe
Russia expects the European Union to prioritize mutual interests while investigating the suspected violations of anti-monopoly rules by the gas giant Gazprom, a deputy foreign minister said on Wednesday.
Alexander Grushko reiterated Moscow’s concerns about the probe, which can affect Russia-EU energy cooperation, “the basis of our economic ties in the past ten years.”
“The sphere of gas purchases requires a very balanced approach,” he said.
Last week the European Commission, the EU's executive arm, launched a probe into three suspected violations of anti-monopoly regulations by Russia’s gas giant in Central and Eastern Europe, which could affect Gazprom’s $60 billion gas export business in Europe.
Gazprom, which considers the probe an effort by the EC to pressure Russia into lowering gas prices, could face a fine of up to ten percent of its annual revenue - about ten billion euro - if the suspected violations are proved.
In a move to protect the gas giant, President Vladimir Putin signed a decree on Tuesday expanding the government’s ability to assist major Russian companies that face investigations abroad.
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: Yury Gagarin: A down-to-earth person
Infographics: The Linguistic Diversity of the Planet
Ukraine has not preserved its 1991 borders. The signing of the Geneva memorandum on April 17 reaffirmed the willingness of Russia, the United States and EU countries to reach a compromise. While the sides continue to trade tough talk and symbolic sanctions, the Kremlin and the White House are also holding a parallel dialogue on the coordinated geopolitical revision of Eastern Europe.