Support The Moscow Times!

Russian Analyst Fired After Report Critical of Gazprom Contracts

Flickr

A financial analyst has been fired in Russia a day after publishing a report saying that Russian gas pipeline contracts are designed to benefit oligarchs allied with President Vladimir Putin.

Sberbank analysts Anna Kotelnikova and Alexander Fak’s report said that the decisions of state-run energy firm Gazprom become “very clear once we assume that the company is managed in the interests of its contractors, and not for extracting commercial profits,” the bne IntelliNews business outlet reported.

96% of Russian State Contracts Were Uncompetitive in 2017, Finance Ministry Reports

“Dear all — I was dismissed today for writing the recent report on Gazprom,” Fak wrote in an email cited by Russian journalist Yelena Tofanyuk’s Telegram channel.  

The head of Sberbank’s corporate investment department Igor Bulantsev told the RBC business portal that the company was “dealing with an unprofessional report.”

The spokespersons for billionaires Gennady Timchenko and Arkady Rotenberg, whose companies were named as the main beneficiaries of Gazprom’s gas pipeline contracts, denied requesting Fak’s dismissal.

“That would have reeked of something out of the Middle Ages,” RBC quoted Timchenko’s spokesperson as saying.

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.