Russia » Economics

Gasprom remains adamant in Lietuvos dujos affair

Attempts of the Lithuanian government to privatize Lietuvus dujos, the national gas company, seem to have come to a deadlock. Negotiations on selling the company's 34-percent share to Gazprom, having lasted for several months, have not changed the positions of the parties.

Lithuanian Deputy Economy Minister Anicetas Ignotas said the Russian gas giant, the only candidate to apply for the Lietuvus dujos shares, had introduced its proposal on April 11. There have been virtually no changes in the terms suggested. The Lithuanian government insists on the sum of LIT 116m (EUR 33m), whereas Gazprom is ready to pay only LIT 80m (EUR 26m).

Moreover, Gazprom refuses to make any serious changes as to the terms of gas supply through Dujotekana, a Gazprom subsidiary, in favor of Lietuvos dujos. The Russian giant insists, among other things, on the abolishment of the state regulation of gas prices. Meanwhile, Lithuanian Economy Minister Petras Cesna announced that if Gasprom did not change its position, the Government would cancel the competition altogether. According to Ignotas the official position of the government will be posted before the end of the week, the Vremya Novostey newspaper reported.

In response to the unlawful December 1 arrest and detention of Chinese tech giant Huawei's chief financial officer Sabrina Meng Wanzhou by Canadian authorities in Vancouver at the behest of the Trump regime, facing possible unacceptable extradition to the US, Beijing warned its high-tech personnel last month against traveling to America unless it's essential.

China Warns Against Travel to US and Canada
Comments
Another apartment building explodes in Russia. Several people killed
Another apartment building explodes in Russia. Several people killed
Stalin's granddaughter rocks at 44
Brexit: UK caught between the past and the future
US Plotting Coups in Venezuela, Cuba and Nicaragua?
US Plotting Coups in Venezuela, Cuba and Nicaragua?
US Plotting Coups in Venezuela, Cuba and Nicaragua?
US Plotting Coups in Venezuela, Cuba and Nicaragua?
US Economic War on China
Brexit: UK caught between the past and the future
Brexit: UK caught between the past and the future
Brexit: UK caught between the past and the future
Brexit: UK caught between the past and the future
US Economic War on China
Russia's 2018: Confidence in Putin gone
Terrorists claim responsibility for Magnitogorsk apartment building explosion
Terrorists claim responsibility for Magnitogorsk apartment building explosion
Terrorists claim responsibility for Magnitogorsk apartment building explosion
Ukraine's Putschist Regime Planning Belligerent Provocation Along Russia's Border
Ukraine's Putschist Regime Planning Belligerent Provocation Along Russia's Border
Ukraine's Putschist Regime Planning Belligerent Provocation Along Russia's Border