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: http://www.lithuaniatribune.com

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



TAGS:
technology  St. Petersburg  Helicon Opera  Exhibitions in Moscow  medicine  Barcelona  Russian army  South Ossetia  Moscow oblast  Dmitry Bykov  Kostroma Airport  Russian Film Actors  Zelenograd  Tyumen  Samara  Russian scientists  New Tretyakov Gallery  Map of Russian Science  Flood in Khabarovsk   Interethnic Journalism  Russian Monuments  investment  Krispy Kreme  Active Travel  Russian Museum  Russian opposition  Right Cause party  Nobel Prize  Moscow  Russian economy  Redkino  Vitaly Pushnitsky  Candy Wrappers  NSA  Awards  politics  Russian tourism  Cars  City Hunter  Novosibirsk  Belokurikha  Penza  Russian science  Tragedy  Russian business  Russian Cinema  Mercedes-Benz Fashion Week Russia  Karachay-Cherkessia  Boris Panteleymonov  Vladimir Shinkarev 


Travel Blogs
Top Traveling Sites