Gazprom proposed options for an antitrust settlement with the European Union’s regulator while refusing to admit any guilt, an executive at Russia’s monopoly natural gas exporter said.
“We didn’t plead guilty on any of the items,” Gazprom Deputy Chief Executive Officer Alexander Medvedev said in an interview on Tuesday in Yuzhno-Sakhalinsk in Russia’s Far East. Gazprom proposed settlement options “that can eliminate their anxiety – without an admission of guilt.”
The state-controlled company on Monday filed its reply to accusations that it wielded market power to impose unfair prices in central and eastern Europe, arguing that the allegations “are based on an incorrect methodology.”
Settlement talks froze last year as political tensions escalated over Russia’s involvement in the Ukrainian crisis. While the conflict has pushed Gazprom to seek new customers, the EU, which gets about one-third of its gas from Russia, remains its biggest market.
“We would very much like these issues not to be politicised,” Medvedev said and declined to comment on a time frame for a possible deal. “The truth will triumph.’
Full content: The Financial Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI