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 Gazprom fears lest EU and U.S. stiffen sanctions

Russian gas giant Gazprom fears lest the United States and the European Union stiffen sanctions.

As reported by Censor.NET citing UNIAN, this is announced in a quarterly report of the Russian company.

"Due to ongoing crisis in Ukraine there could be possible risks the US and Europe impose additional financial and economic sanctions directly on Gazprom PJSC, which may affect cooperation with company's business partners," the document reads.

As reported, in order to mitigate risks, the company is constantly taking efforts to maintain "its business reputation."

Read more: Gazprom cancels Turkish Stream contract

As reported before, Jan. 29, company's IFRS report for the nine months elapsed Sep. 30, 2014 read that western sanctions would not have substantial impact on company's financial position or performance.

In March 2014, Russia annexed Crimea and embarked on destabilization of the situation in the Donbas. Russia supplies terrorists of the "DPR" and "LPR" with weapons, as well as sends mercenaries and its regular army to the Donbas.

Due to such actions, the European Union, the US, Canada, Japan, Australia and several other countries introduced sanctions against Russia.
 
 
 
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