Support The Moscow Times!

Germany's Gazprom Stake

Germany’s E.On Ruhrgas may sell its $4.5 billion stake in Gazprom to state-owned Vneshekonombank as the German firm struggles to cope with high debts and falling revenues.

Prime Minister Vladimir Putin, who is also chairman of VEB, may discuss the possible sale of the stake with German Chancellor Angela Merkel on Friday during a visit to Germany, his spokesman said.

“There will be no separate talks on the issue, but it could be assumed that this subject will be touched upon,” Dmitry Peskov said.

(Reuters)


Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.