A PYMNTS Company

EU: Antitrust Chief to move against Gazprom

By  |  February 18, 2015

European Union authorities will move forward with a long-running anti-monopoly case against Russia’s Gazprom, EU competition commissioner Margrethe Vestager told The Wall Street Journal on Wednesday.

Gazprom has been under formal investigation for more than two years amid concerns that it abuses its market dominance in eastern Europe to block rivals, but settlement talks have been held up because of the violence in Ukraine.

According to the Journal if the EU does issue formal charges against Gazprom, it likely would be interpreted as an act of aggression by the Kremlin, which already is under pressure from falling oil prices and international sanctions.

Full Content: The Wall Street Journal

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.