Wednesday 22 April 2015

E.U. Charges Russian Energy Giant Gazprom With Abusing Its Dominance - NYTimes.com

E.U. Charges Russian Energy Giant Gazprom With Abusing Its Dominance - NYTimes.com:



"European antitrust regulators on Wednesday charged the Russian energy giant Gazprom with abusing its dominance in natural gas markets, a move amounting to a direct challenge to the authorities in Moscow.



Russia supplies about one-third of the European Union’s natural gas.



The move is a frontal challenge to President Vladimir V. Putin’s economic and geopolitical strategy by potentially limiting Russia’s ability to set prices favoring some customers and penalizing others. Gazprom has previously warned Brussels that it has the “status of a strategic organization” in Russia, a reminder that it is controlled by the Kremlin, which earns significant sums from the company."



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