Russian Deputy Prime Minsiter Arkady Dvorkovich said Russia could retaliate if the European Union's antitrust investigation into OAO Gazprom (GAZP.RS) leads to sanctions, and that "regulatory risks" could cut supplies from Gazprom and result in higher gas prices, Kommersant daily reported Thursday.
Russian Deputy Prime Minsiter Arkady Dvorkovich said
Russia
could
retaliate if the European Union's antitrust investigation into OAO Gazprom
(GAZP.RS) leads to sanctions, and that "regulatory risks" could cut
supplies from Gazprom and result in higher gas prices, Kommersant daily
reported Thursday.
"If there are consequences for us, there will be consequences for
them," Mr. Dvorkovich told Kommersant in an interview.
The EU is investigating whether state-owned Gazprom--which supplies the bloc
with around one quarter of its gas needs--has violated antimonopoly rules. The
EU is also encouraging competition by barring suppliers from owning transport
capacity as part of its Third Energy Package of measures.
"
Europe
needs gas in any case. If because of regulatory
risks Gazprom can't deliver the required volumes, prices in
Europe
will
rise," Mr. Dvorkovich said.
"With the antimonopoly investigation, the European Commission is, in
essence, calling into question the essential conditions of long-term contracts.
If
Europe
wants to work by different rules, we should see
them and document them," he said.
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