5/25, 8:41 PM (Source: TeleTrader)
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Chart for: Gazprom (T+ Shares and DRs)

Russia allows gas supplies to Gazprom Marketing and Trading

The Russian government allowed a temporary lifting of "mirror sanctions" and permitted the flow of natural gas supplies from Yamal LNG to Gazprom Marketing & Trading Singapore Ltd, part of Gazprom Germania, for a period of 90 days.

The decree was published on Wednesday on Russia's official internet portal for legal information and signed by Russian Prime Minister Mikhail Mishustin. This decision was taken two weeks after sanctions were imposed on Gazprom's former German unit, which left it without Russian gas supplies.

Earlier this week, Poland announced its decision to end the agreement with Russia over the Yamal–Europe natural gas pipeline due to Russia's aggression against Ukraine.

Baha Breaking News (BBN) / TB