Support The Moscow Times!

Gazprom Blocked From Bid

Russia's antitrust regulator banned Gazprom from bidding for state-owned SG-Trans, the country's biggest rail transporter of liquefied petroleum gases.

Gazprom is Russia's second-largest LPG transporter with 18 percent of the market, which would rise to more than 80 percent if it acquired SG-Trans, Federal Anti-Monopoly Service deputy head Anatoly Golomolzin said Friday. Rosneft and AFK Sistema received approval to bid for the state's 100 percent stake in the rail company, RIA-Novosti reported.

Meanwhile, Finance Minister Anton Siluanov said the mineral extraction tax rate for Gazprom might be decided next week, RIA-Novosti reported.

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.