Revolut chief Nikolay Storonsky renounces Russian citizenship Revolut The head of London fintech giant Revolut has renounced his Russian citizenship amid the Ukrainian government’s decision to sanction his Ukrainian born father over his position at Gazprom’s research arm. Revolut co-founder Nikolay Storonsky Jr previously held both British and Russian passports, but renounced his Russian citizenship in response to the country’s invasion of Ukraine, [...]
Gazprom boss threatens to halt gas supplies if Europe backs price cap GAS CRISIS Russia would halt gas supplies into Europe if the price of its gas exports was capped warned Gazprom boss Alexei Miller.
Gazprom says Siemens ready to repair Nord Stream 1 pipeline GAZPROM Russian energy firm Gazprom has suggested Siemens was ready to fix its gas pipeline to Germany, after its reopening was delayed this weekend. An oil leak in a turbine on the Nord Stream 1 pipeline means it will be closed until further notice, after being closed for several days due to maintenance work. On Saturday, [...]
Kremlin set for £8.6bn pay-out as Gazprom unveils record profits August 31, 2022 Gazprom is set to hand the Russian Government a hefty £8.6bn pay-out after reporting record profits powered by soaring oil and gas prices.
Five top Kremlin-linked energy bosses have mysteriously been found dead since start of 2022 July 7, 2022 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 June 30, 2022 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 April 28, 2022 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 [...]