Gazprom: EU court confirms settlement

The EU’s second-highest court yesterday upheld a decision by the European Commission to settle a long-running antitrust investigation into Russian gas giant Gazprom without paying a fine. In 2018, the Commission had accepted Gazprom’s concessions in the investigation, including a pledge to reform its pricing structure and allow rivals to gain a foothold in Eastern Europe. This allowed the company to avoid a fine that could theoretically have been as much as ten percent of its global sales.

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