Russian firm brushes off EU’s market abuse claim
Russia’s energy giant Gazprom has dismissed the European Union (EU) accusations that the company is abusing its dominant market position in Central and Eastern Europe.
Gazprom said in a statement that it considers the claims as unfounded.
The Russian energy giant insisted that it strictly abides by all the norms of international law and also the laws of the countries where it conducts business.
This is while the European Commission has said its preliminary view was that the Russian state-controlled company was breaking EU anti-trust rules.
Based on the EU charges, Gazprom may have limited its customers' ability to resell gas, which leads to unfair prices in some EU member states.
The European Commission said it would clamp down on the company’s “unfair” monopoly, escalating the standoff between European authorities and Russia.
“All companies that operate in the European market- no matter if they are European or not- have to play by our EU rules,” wrote Margrethe Vestager, the EU commissioner in charge of competition policy, in the statement released on April 22.
Gazprom is the latest big target of a body that is taking aim at companies on a global scale.
Last week, the European Commission sent a list of objections to Google, alleging that the company had abused its dominant position online by privileging its own comparison shopping service.
GHN/GHN
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