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Consequences of the Ukraine Crisis:Russian Gazprom loses billions in the stock market / Breaking News

Gazprom-Loses-Billions-Dolar-Ukraine-Crisis

For Russia’s largest company in Ukraine is much at stake: The closer to a military confrontation, the stronger the stock price of Gazprom. The gas producer is now considering price increases – to Ukraine

In the Crimean crisis, Russia’s largest companies are now under pressure : The shares of Gazprom rushed in the morning to twelve per cent , and remained on the morning at this level. Within a week, Gazprom lost even about one sixth of its stock market value . This corresponds to around 45 billion euro market capitalization.

This implies , indirectly, the Russian state under pressure : he has a majority of just over 50 percent of Gazprom’s shares. The world’s largest gas producer is the largest employer in the country , the Russian state budget support every year with billions of remittances and is a major foreign exchange provider in the country.

In addition to the general uncertainty about the outcome of the conflict, pressed the entire Russian stock market into negative territory in Ukraine tangible economic interests of Gazprom threatened . According to a report by the Russian agency Interfax Ukraine has estimated the gas debt to Gazprom to two billion dollars.

Consequences of the Ukraine Crisis:West could pay Ukrainian gas bill

Gazprom is already thinking about countermeasures : According to the CFO , the Group is a price increase for gas supplies to Ukraine after the first quarter . Only in December Russia had lowered the price of gas for Ukraine – which, however, still as a courtesy to the now deposed president Viktor Yanukovych.

However, the agreement can be terminated on a quarterly basis . Ukraine is already on a U-turn by Gazprom and creates inventories : Apparently in anticipation of higher prices , Ukraine is , according to the Ukrainian gas network operator Uktransgas currently twice as much gas from Russia from a year ago .

Western countries but think that Ukraine is not alone with this problem let : According to the federal government they have provided in Kiev view to assist the country in paying their gas bill open . Germany and its partners is now important to help Ukraine in its financial problems , said government spokesman Steffen Seibert . Specifically, it will still go to a payment to Gazprom in March. In discussions should be conducted in the next week .

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