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EU: Gazprom agrees to continue settlement talks after key meeting

 |  December 10, 2015

Gazprom and EU regulators pledged on Thursday to continue talks aimed at resolving antitrust charges levied against the Russian gas giant, suggesting the chances of a regulatory fine are receding.

The Russian state-controlled company is fighting accusations of over-charging customers and blocking rivals in eastern Europe, practices which the European Commission say breach the bloc’s rules ensuring a level playing field.

The company, however, is also seeking to settle the charges with concessions to stave off a penalty and a finding of wrongdoing. The case comes amid continuing tension between the EU and Russia over Ukraine, Syria and the proposed Nord Stream gas link to Germany.

The pledge to continue discussions came after a meeting between Gazprom deputy chief executive Alexander Medvedev and Russia’s deputy Energy Minister Anatoly Yanovsky with European Competition Commissioner Margrethe Vestager in Brussels.

Full content: The Wall Street Journal

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