Putin signs decree 'to protect' Gazprom

Vladimir Putin Vladimir Putin does not want what he sees as Russia's strategic interests compromised

Related Stories

Russian President Vladimir Putin has signed a decree forbidding state-controlled firms from giving information to foreign authorities without permission from Moscow.

State firms will also need permission to change the pricing of any contracts with overseas entities.

The move comes just days after the European Commission said it would investigate energy giant Gazprom.

The EC said it was concerned Gazprom "may be abusing its dominant position".

The text of the decree, distributed by the Kremlin, said: "The decree establishes the obligation of a federal executive body to refuse permission to [participate in foreign investigations] if they are capable of damaging the economic interests of the Russian Federation."

The commission said it would look at whether the firm restricts the free flow of gas across member states, prevents diversification of supply, and prices gas unfairly.

The commission said that, if established, Gazprom's practices "may constitute a restriction of competition and lead to higher prices and deterioration in security of supply.

Such behaviour would ultimately harm EU consumers, it said.

Russia provides 25% of Europe's gas imports, and many countries rely almost entirely on the country for their imported gas.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



  • How ebola spread graphicPatient zero

    How one boy’s death triggered Ebola outbreak

  • Passport control at airportNews quiz

    How much do you know about migration?

  • Phillip Hughes playing cricket for Australia in September 2014Brain trauma

    How is the brain injured and protected from injury?

  • Passengers pushing planeHeave!

    How many people does it take to push a plane?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.