Gazprom Slumps on Ukraine Protests: Russia Overnight - Bloomberg

Gazprom Slumps on Ukraine Protests: Russia Overnight - Bloomberg:

"OAO Gazprom declined to a three-month low in New York amid the biggest political protests since 2004 in Ukraine, a key route for natural gas shipments to the European Union.
American depositary receipts of Gazprom, Russia’s natural-gas export monopoly, fell 3 percent to $8.41, after dropping in Moscow 1 percent to 141.5 rubles, the lowest level since Sept. 5. The Bloomberg Russia-US Equity Index of the most-traded Russian companies in New York dropped 0.9 percent to a two-month low of 97.21, led by OAO Mechel. (MTL) RTS Index futures expiring in December decreased 0.7 percent to 138,760 in U.S. hours.
Russia will offer cheaper natural gas to Ukraine if the government in Kiev opts to join a Moscow-led economic bloc after halting free-trade talks with the EU, according to First Deputy Prime Minister Igor Shuvalov. While Ukrainian President Viktor Yanukovych reiterated that the country’s goal is European integration, his about-face on the EU agreement has sparked the biggest street protests since the 2004 Orange Revolution."

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