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EU: Gazprom aims for amicable solution in antitrust case

By  |  March 9, 2016

Russia’s Gazprom and the European Commission are moving towards a “mutually acceptable” solution in resolving antitrust charges against the gas producer, the company said in a statement on Wednesday.

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

It is seeking to avoid a fine, which under EU rules could be up to $7.6 billion, equal to 10 percent of its 2014 revenue, and settle the charges with concessions.

Gazprom Deputy Chief Executive Alexander Medvedev and European Competition Commissioner Margrethe Vestager met in Brussels on Wednesday to discuss the concessions, and both sides agreed to continue talks.

“Thanks to the hard work and constructive approach from both sides, we are making progress towards a mutually acceptable solution,” Medvedev said in a statement.

Full content: TASS

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