Support The Moscow Times!

Russia's Gazprom 'Satisfied' After Settling EU Antitrust Case Without Fines

Thawt Hawthje / Flickr (CC BY 2.0)

Russian gas giant Gazprom welcomed the European Union's decision to settle its seven-year-long investigation of the firm without fines on Thursday.

"We are satisfied with the commitments decision announced," Gazprom's Deputy Chief Executive Alexander Medvedev said in a statement. "Today's decision is the most reasonable outcome for the well-functioning of the entire European gas market."

He said Gazprom is commited to comply with them in future.

EU antitrust regulators ended a seven-year-long investigation into Gazprom on Thursday after the Russian gas giant agreed to reforms aimed at bringing down gas prices and allowing rivals a foothold in eastern Europe.

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.