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Gazprom is set to be investigated by the European Commission on anti-trust grounds (Photo: south-stream-offshore.com)

The EU and Gazprom

In 2007, Alexei Miller, head of Russia’s state-gas behemoth Gazprom famously boasted he would raise the company’s market value to US$ 1 trillion; up from US$ 360 billion at the time. Today, much of that dream has vaporised. After years of hard-nosed tactics in Central and Eastern Europe and several high-profile gas supply interruptions, Gazprom’s reputation as a reliable supplier is in tatters.

The fallout over the Ukraine crisis brought severe pain to the Russian economy and prompted ...

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Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver
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