Control shot in the leg: Russia's Gazprom withdraws from Western exchanges at the request of the Kremlin

At the same time, Gazprom's exports are collapsing and domestic supplies are declining.

Russian authorities have banned Gazprom from placing depository receipts on the company's securities on exchanges outside the country. This was reported by the Russian news agency Interfax.

“PJSC” Gazprom “submitted to the Government of the Russian Federation a request to continue to apply for receipts outside the country, but on April 28, 2022 he was denied, “the statement said.

Gazprom's shares have been on the international market since 1996.

Gazprom is already preparing to terminate the deposit agreement with The Bank of New York Mellon.

The company has also warned the London and Singapore Stock Exchanges about delisting depository receipts from April 29. The procedure should be completed no later than in 20 days.

At the same time, Gazprom's exports are collapsing and domestic supplies are declining.

Yes, Gazprom's gas exports to foreign countries from January 1 to April 15, 2022 amounted to 44.6 billion cubic meters, which is 26.4% less than in the same period of 2021.

According to preliminary data, Gazprom extracted 155.9 billion cubic meters during this period. m of gas. This is 1.3% (2.1 billion cubic meters) less than last year.

ZN.ua

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