Ruhrgas will continue increasing its stake in Gazprom to about 8 to 10 percent, analysts say. According to the latest study of the Boston Consulting Group, gas demand in Europe will double over the next 30 years, due to the replacement of energy generating plants that work on coal by plants that use gas. Certainly, Gazprom will gain from this process and Ruhrgas's intention to become its large stockholder is logical and timely, analysts say.
On May 20 Ruhrgas announced that it would enlarge its stake in Gazprom by 0.8 percent to 6.5 percent. According to analysts, the market price of this block of shares is $180m.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America