Gazprom is set to escape an EU antitrust probe without a fine under a deal announced Monday, but only after making sweeping concessions that just a few years ago would have seemed unimaginable.
By settling, Russia dropped its long-held position that, as a Kremlin-controlled company, Gazprom could not be subjected to EU competition rules. Instead, Gazprom agreed to make deep changes to the way it has historically done business in Central and Eastern Europe, and bowed to EU rules — even submitting its contracts for verification by EU agents.
“We believe that Gazprom’s commitments will enable the free flow of gas in …read more
Source: European Voice
