Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

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:

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

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 you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more