Monday, April 20, 2015

EU to charge Russia's Gazprom with market abuse - sources

A woman walks along the footpath near the headquarters of the Gazprom company in MoscowThe European Union will launch a legal attack on Russian gas giant Gazprom (GAZP.MM) this week, ramping up tensions with Moscow, when antitrust agents will accuse it of overcharging buyers in eastern Europe, EU sources told Reuters on Monday. The state-controlled company, a vital supplier of energy to Europe despite frequent political disputes, could receive a full charge sheet from European Competition Commissioner Margrethe Vestager on Wednesday, one source said. More than two years after Brussels started investigating Gazprom, the move comes just a week after the new EU antitrust chief charged U.S. tech giant Google (GOOGL.O) with abusing its market power after five years of hesitation by her predecessor. The sources said Vestager was likely to send the charge sheet, known as a statement of objections, to Gazprom once she returns from a trip to the United States, where she arrived within hours of charging Google.




from World News Headlines - Yahoo News UK

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