Russian gas producer Gazprom may be able to resolve EU antitrust charges of abusing its market power in eastern Europe by the end of October as it enters the final phase of talks with regulators, a person familiar with the matter said on Friday.
The Russian state-controlled company has been accused of overcharging customers and blocking rivals in eastern Europe, practices which the European Commission say breach the bloc’s rules on fair play.
Talks with the EU competition enforcer to settle the five-year-old case without a finding of infringement and stave off a possible fine up to 10 percent of its global turnover are in the final stage but it is not yet certain there will be a solution, the source said.
Gazprom Deputy Chief Executive Alexander Medvedev and European Competition Commissioner Margrethe Vestager are expected to meet in Brussels at the end of October and may seal a deal if the two sides manage to agree on concessions by then, the person said.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI