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5/11, 7:11 PM (Source: TeleTrader)
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Russia sanctions Gazprom Germania, 30 others

Russian authorities announced on Wednesday that they have decided to implement a new batch of economic sanctions on 31 entities that are current or former subsidiaries of Gazprom, among which is Gazprom Germania. The Polish Europol Gaz SA, which is also included on the list, is a joint venture between Gazprom and the Polish PGNiG.

"On the application of retaliatory special economic measures in connection with the unfriendly actions of certain foreign states and international organizations, the Government of the Russian Federation decided to approve [sanctions against] the attached list of legal entities," the document stated.

The companies included in the list are not allowed to make transactions in favor of persons under sanctions, transactions involving the entry into Russian ports of ships owned and (or) chartered by persons under sanctions, in their interest or on their behalf, as well as transactions with securities with the participation and (or) in favor of persons under sanctions, it was written in the document.

Baha Breaking News (BBN) / AY