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gazprom

  • Five top Kremlin-linked energy bosses have mysteriously been found dead since start of 2022

    Russia's war

    Five leading energy officials in Russia have now reportedly died in suspicious circumstances since the start of the year. A shipping boss with ties to the Kremlin, Yuri Voronov, was found with a gunshot wound at his property this week. This comes after four other officials with links to Moscow’s energy industry, and in particular [...]

  • Gazprom and Uniper shares plunge as fallout from Ukraine crisis deepens

    ENERGY CRISIS

    Shares at two of Europe’s largest energy firms have plummeted this week, as the gas crisis and between Russia and the West escalates.

  • Former top executive at Russia’s Gazprombank flees Kremlin’s reach and joins Ukraine’s defence

    High-profile defection

    A former senior executive at a major Russian bank has fled the country and joined Ukraine’s army.  Former vice-president at Gazprombank, Igor Volobuyev, said he “couldn’t stay with those people, shake their hands, watch the war on my phone as if this were a horrible film and pretend I didn’t care. Speaking to Ukrainian media [...]

  • Treasury grants licence to pay contracts for Russia’s Gazprombank until May 31

    April 22, 2022

    The treasury has granted a licence to pay Russia’s Gazprombank and its subsidiaries until the end of next month. The decision was made to ensure gas supplies continue to flow to the European Union according to a document seen by Reuters.  The license allows an individual or firm to continue paying any contracts that began [...]

  • Russia’s Gazprombank requests $288m repayment from gold producer Petropavlovsk

    April 20, 2022

    Russian gold producer Petropavlovsk has received a request from Gazprombank for an immediate repayment of $288.1m.  Gazprombank, which has been heavily sanctioned by the UK government amid the war in Ukraine, has demanded repayment of some $201m for a term loan. The company has also requested repayment of approximately $87.1m, due under the group’s Russian [...]

  • Bosses at UK arm of Russian energy giant Gazprom seek to buy it out as insolvency looms

    March 22, 2022

    Bosses at the UK arm of Russian energy giant Gazprom have made a bid to buy it out, as sanctions against its parent company threaten to make it insolvent. Manchester-based Gazprom Energy, which supplies more than a fifth of gas used by UK companies, has been left just days from needing a government bailout through [...]

  • Centrica considers cutting ties with Gazprom following Ukraine invasion

    March 1, 2022

    UK energy company Centrica is looking at cutting ties with Russian gas giant Gazprom following Moscow’s invasion of Ukraine. The company, which signed an agreement with Gazprom in 2012 and later extended it until summer 2025, has now “entered into discussions with Gazprom about exiting this agreement,” without any impact on UK gas supplies. “We [...]

  • Uefa terminates £100m Gazprom sponsorship as sport shuts out Russia

    February 28, 2022

    European football’s governing body Uefa has confirmed the termination of its long-standing sponsorship deal with Russian state energy company Gazprom. The move came as Uefa banned Russian teams from its international and club competition following the country’s invasion of Ukraine. “Uefa has today decided to end its partnership with Gazprom across all competitions,” it said. [...]

  • Uefa to sever ties with Gazprom over Ukraine invasion

    February 25, 2022

    Uefa is reportedly in talks to sever all ties with Russian sponsor Gazprom following the Kremlin’s invasion of Ukraine. The governing body has set this course of action even though the 10-year partnership with Gazprom has been one of the most lucrative for Uefa, the i paper exclusively reported. Following calls to strip Russia of [...]

  • Uefa calls meeting to move Champions League final from Russia

    February 24, 2022

    European football’s governing body Uefa has called an extraordinary meeting for tomorrow morning when it is expected to strip Russia of the Champions League final. St Petersburg had been due to stage the biggest game in club football on 28 May but Russia’s invasion of Ukraine this week has seen pressure on Uefa to move [...]

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