Brussels officially charged Gazprom with violating EU anti-trust legislation today. The accusation is four years in the making and comes at a time when tensions between Europe and Russia are at a post-Cold War high.The EU’s complaints are straightforward. In the words of EU Competition Commissioner Margrethe Vestager, Gazprom, which supplies roughly 30 percent of the continent’s gas needs, has abused its dominant position in the market. The FT has a good bullet-point list of the main allegations:
Gazprom carved up the market to its own advantage and hindered the free flow of gas. This boils down to terms in Gazprom’s …read more
Source: The American Interest
