Apr. 2015. EGF Gazprom Monitor - Statement of Objections Special
Special Report as the European Commission issues a ‘Statement of Objections’ in its antimonopoly investigation into Gazprom
By Dr Jack Sharples, EGF Associate Researcher on the external dimensions of Russian gas and Lecturer in Energy Politics at the European University of St Petersburg
Special Report on the European Commission Antimonopoly Investigation into Gazprom
Main points in brief
The European Commission has issued a ‘Statement of Objections’ in its antimonopoly investigation into Gazprom. This statement is essentially a detailed explanation of the European Commission’s grievances, and how it suspects that Gazprom may have breached EU law. Gazprom now has up to 12 weeks to reply. Once Gazprom has responded, the European Commission will make its final decision. If Gazprom is found to have violated EU antitrust regulations, it may face a financial penalty of up to 10 percent of its annual turnover. This could mean a fine of $10-15bn.
READ MORE
| External Relations | Russia, Ukraine, Belarus
