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:

US Called on Russia to Conduct a Transparent Investigation of the Situation with Navalny
Netherlands Support Sanctions against Russia in Navalny Case
Navalny Called on Europe to Impose Sanctions against the Inner Circle of Russian President
TASS: the Ministry of Internal Affairs has Extended the Check in Connection with the Hospitalization of Navalny
Germany is Ready to Produce Russian Vaccine against COVID-19

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Books  Gdov  Manors of Moscow  Mercedes-Benz Fashion Week Russia  Russian oil  Russian roads  Sochi Autodrome  Russian oil and gas industry   Orthodoxy  Russian courts  Symphony Orchestra  Moscow  Russian tourism  Russian festival  Exhibitions in Moscow  Russian business  Opposition  Russian Stage Directors  contemporary art  Svetloyar  cultural cooperation  Russian Cinema  Russian political parties  Cycle Night  Twitter  Architecture of St. Petersburg  Moscow Region  Tula  academic conferences  Alexander II  Tragedy  Euromaidan  Museum of Private Collections  Maly Semyachik  Russian transport  Russian designers  Architecture  Russian regions  Dmitry Kardovsky  International Book Fair  Central Bank of Russia  Mercedes-Benz Fashion Day St. Petersburg  Festivals in Moscow  travel to Russia  Awards  Domodedovo  Russia international  St. Petersburg  Zinaida Serebryakova  Moscow actions 

Travel Blogs
Top Traveling Sites