By Foo Yun Chee and Alastair Macdonald
The European Union launched a legal attack on Gazprom on Wednesday, stoking tension with Moscow as it accused the Russian gas giant of overcharging buyers in Eastern Europe and hindering competition.
The EU’s new anti-trust chief, Margrethe Vestager, who a week ago announced a similar market abuse prosecution against US tech giant Google, said state-controlled Gazprom was using its continued dominance in Moscow’s old Soviet client states to hike prices by as much as 40 per cent over the norm.
It could do so, she said, by insisting on contracts that bar customers selling on gas …read more
Source: Cyprus Mail
