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EU Commission to Lead Cartel Proceedings Against Gazprom

Published: October 3, 2013; 12:58 · (Vindobona)

The Russian energy giant Gazprom might face penalties of up to € 11bn.

EU Commission to Lead Cartel Proceedings Against Gazprom / Picture: © Gazprom

The EU Commission will examine Russian energy giant Gazprom closer due to its powerful position on the market in Eastern Europe. Currently, a statement of objections against the Russian state-controlled enterprise is being prepared, according to EU Competition Commissioner Joaquin Almunia’s announcement at a conference in Vilnius on Thursday. He pointed out that it was too early to…

This article includes a total of 131 words.

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