Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Gazprom's Chairman Sold Off Stake Before Market Collapse
17.03.2014 15:13
Gazprom's Chairman Sold Off Stake Before Market Collapse
Photo Credit:

Chairman of Gazprom’s board of directors sold off his stake in the company ahead of the market collapse.

      According to an official statement, Viktor Zubkov owned 0. 00098739 percent of shares (or 233,700 ordinary shares).

      The sale that took place on February 11 is reported to have brought him 34.5 million roubles.

      The stock market collapsed in early March, with Gazprom shares sliding by 14 percent on March 3.

      Zubkov bought a stake in the summer of 2013 for a price that remained undisclosed. In 2012, Zubkov got 22.63 million roubles in remuneration for his work at Gazprom.

      The Moscow stock exchange and the foreign exchange has been going through extreme volatility as tensions between Russia and the West continue to mount over the fate of Crimea, an autonomous republic in the south of Ukraine that is holding a secession referendum on Sunday with the future option of joining Russia.

      The MICEX index, one of the main Russian stock market indicators, nosedived to a new low this March, going back to the May 2012 level.

      According to the business daily, at 3.54 pm Moscow time MICEX stood at 1258.12 while RTS, another key indicator, dropped 1.3 percent to 1085.85.

      Among the worst hit are Sberbank (-3.08 percent), Rostelecom (-3,46 percent), FSK UES (-3.31 percent), Inter RAO UES (-6.33 percent).

      The plunge was due to the decision of the OECD, the Organisation for Economic Co-operation and Development, which suspended Russia’s accession process.

      The national currency has hit a new low, with the euro reaching 51 roubles.

      Follow the news on Ukraine at Russia-iC. 

Author: Mikhail Vesely

Tags: Gazprom Ukraine crisis Crimea   

Next Previous

You might also find interesting:

The Pension Fund of Russia (PFR) will Use Blockchain Technology
The Share of High-tech Industries in the Russian Economy Fell Down in 2018
Russian Exports in the Sphere of Services is Growing
The Russian Sistema_VC Fund Invested in the DataSine Project that is Engaged in Personalizing Content for Customers
The Russian Ivi Online Cinema has Become Available in the USA, Canada and the UK

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Yermolino Airport  Linkin Park  Russian regions  Festivals in Moscow  Tula Region  Folk Art Festivals  Opposition  Lesnoy  Concerts in St. Petersburg  deposits  Russian tennis  invest  Russian scientists  Moscow  Fashion  Moscow Operetta  Republic of Tatarstan  animation  Russian business  Paleopark  Trams  Yekaterinburg  Russian movies  VTB  Pushkin Museum of Fine Arts  Roman Abramovich  Konstantin Lopushansky  space  Mercedes-Benz Fashion Week Russia  International Russian Language Theater Festival   Mytischi  European identity  Balashov  Russian sportswomen  Sheremetyevo  Russian customs  Russian technology  Russian Metro  Exhibitions in Moscow  Russian tourism  New Year celebrations  travel to Russia  M.Video  Post of Russia  Russian Composers  hotels in Moscow  Adyghe  Russian Cinema  St. Petersburg  Archnadzor 

Travel Blogs
Top Traveling Sites