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

Lithuania Fines Gazprom $48 MLN
11.06.2014 17:49
Lithuania Fines Gazprom $48 MLN
Photo Credit:

Lithuania's competition council has fined Gazprom a whopping $48 million for allegedly preventing competition in the Baltic state where the Russian gas monopoly is the sole supplier.

      Gazprom is facing another investigation into a possible breach of competition rules in the EU.

      Elsewhere, Moscow and Kiev are still in negotiations seeking a solution to the protracted gas dispute. The latest round of talks took place on June 9 in Brussels but didn’t lead to any breakthroughs.

      Gazprom issued a warning it would switch to advance payments with Ukraine after June 16 if it fails to repay its mounting debt currently standing at almost 5 billion, according to the Russian gas giant.

      In May, Russia signed an historic deal with China on natural gas supplies with a view to diversify its exports amid similar calls in Europe.

      The exact price has not been disclosed but it’s been reported that the 30-year contract for the supplies of 38 billion cubic meters of gas could bring Russia as much as $400 billion.


Author: Mikhail Vesely

Tags: Gazprom Russian oil and gas companies Ukraine crisis   

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Travel  Jazz  Russian opposition activists  Russian business  Fairytale Place of Moscow  Kaluga  Plane rash In Kazan  Russian Cinema  flood in Amur region  Kurgan airport  Lenskie Stolby  Exhibitions in Moscow  Russian theatre  VDNKh  Moscow  Russian scientists  Northern Ural  Russian fashion  World Cup Brazil  Russian airlines  Boris Andreyev  accident  invest  Pobeda  Geoglyphs  Advertising Constructions  Space Exploration  poll opinion  Russian economy  Vostochny Spaceport  Navalny  St. Petersburg  Yuri Gagarin  Samara Region  Andrei Plakhov  Russian people  Tatarstan  Norilsk  Dance Open Ballet Festival  Russian science  Goznak  earthquake  Minsk  Russian tourism  championship  Russian courts  Mercedes-Benz Fashion Week Russia  Smoking in Russia  Skolkovo  Robots 

Travel Blogs
Top Traveling Sites