Vilnius court upholds EUR 35m antitrust fine for Gazprom

Gazprom had asked the court to annul the Competition Council’s decision of 10 June 2014 as unlawful. In this decision, the authority stated that Gazprom’s actions had violated the Council’s decision of 18 March 2004 and the company subsequently was fined EUR 35,651,268.

Vilnius Regional Administrative Court concluded that the Competition Council’s decision was lawful and justified made within the authority’s competence, having taken into account all factual circumstances. As a result, the claimant’s complaint was rejected as ungrounded.

Related Post

According to the court, a condition tied to Gazprom’s acquisition of a 34-percent stake in Lietuvos Dujos (Lithuanian Gas) back in 2004 laid down a clear obligation for the Russian company not to create barriers for Lithuanian consumers to buy gas from other suppliers. Therefore, Gazprom’s refusal to negotiate with Lietuvos Energijos Gamyba (formerly Lietuvos Energija) prevented it from doing so and made it possible for the Russian company to maintain its position as the sole gas supplier.

Share

Recent Posts

  • Latest

A few questions to Mr. Putin, Mr. Trump and all those calling for “peace at all costs”

I admit it: I’m not that type of person who follows domestic and international politics…

6 days ago
  • Latest

Message from the President’s Office to Paluckas on Žemaitaitis

While Prime Minister Gintautas Paluckas does not take issue with the statements made by the…

1 month ago
  • Economy

Surprised by what’s happening in Lithuania: this is what makes us stand out in the EU

Lithuanian economists are surprised to see our country's economic growth: the Estonian economy has been…

2 months ago
  • Politics

Will the coalition shut the door on Žemaitaitis?

"The fate of Nemuno Aušra (Dawn of Nemunas) in the coalition has been decided; they…

2 months ago
  • Tribune

Airvolve has begun the patenting process for an exclusive aircraft

Airvolve, a Lithuanian dual-purpose aeronautics company, has successfully completed its first round of testing and…

2 months ago
  • Latest

Bruveris. The world in 2025: a continuation of last year’s collapses towards new fires

The world is becoming smaller, more intertwined, and increasingly fragmented, with many of the previous…

2 months ago