Despite a formal ceasefire between Ukraine and Russia and some recovery in oil markets, Gazprom has continued its longer term depreciation. However, there remains an outstanding debt of $2.4 billion owed from Ukraine to Gazprom. Kiev has refused to acknowledge this debt, and has began a $1 billion restructuring to avoid any dependence on Russian energy in the future. Along with insecurities involving oil as an investment, Gazprom investors have started to pull away from the oil giant, triggering over 2% in losses for the company so far today.
February 16, 2015 – Stock Market News
Despite a formal ceasefire between Ukraine and Russia and some recovery in oil markets, Gazprom has continued its longer term depreciation. However, there remains an outstanding debt of $2.4 billion owed from Ukraine to Gazprom. Kiev has refused to acknowledge this debt, and has began a $1 billion restructuring to avoid any dependence on Russian energy in the future. Along with insecurities involving oil as an investment, Gazprom investors have started to pull away from the oil giant, triggering over 2% in losses for the company so far today.
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