Support The Moscow Times!

Officials May Join Gazprom Board Again

Government officials may again be appointed to Gazprom's board of directors and exercise operational management of the company using strategy and investment committees, Interfax reported Tuesday, citing a letter sent by Deputy Economic Development Minister Sergei Belyakov to the Cabinet.

Last year, President Dmitry Medvedev ordered all government officials to vacate their positions at the board as part of his efforts to decentralize decision-making at state companies.

Gazprom might also be required to get approval from the Economic Development Ministry and Energy Ministry for its investment programs, according to the letter.

Meanwhile, Gazprom won a legal battle with the Federal Anti-Monopoly Service.

The Federal Arbitration Court for the Moscow District voided a ruling by the watchdog on the placement of 300 billion rubles ($9.37 billion) in exchange-traded bonds in 2010, Interfax reported.

The agency argued that Gazprom violated antitrust law during a public tender for the right to organize the placement.

Related articles:

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more