OGZPY News and Press, PJSC Gazprom ADR From 05/24/22

In September of last year I warned Seeking Alpha investors about the dangers of investing in Russia. The RSX ETF is down 81% since that article was published. Considering the war in Ukraine and the resulting sanctions on Russia by the US and its Democratic and NATO allies, holdings in...

Russia's Rosneft (OTCPK:RNFTF) said Friday that former German Chancellor Gerhard Schroeder will leave its board, following widespread calls for him to cut ties over the invasion of Ukraine. Schroeder, a Social Democrat like current Chancellor Olaf Scholz, led the ruling coalition government i...

Some of Europe's biggest natural gas utilities have agreed to new payment terms with Russia's Gazprom (OTCPK:OGZPY), Russian Deputy Prime Minister Alexander Novak said on Thursday, defusing the threat of a sharp cutoff of Russian gas to the region after Vladimir Putin demanded to be paid in r...

Italy's Eni (NYSE:E) is set to pay Gazprom (OTCPK:OGZPY) for gas supplies this month even if the initial euro payment is converted to rubles, Bloomberg reports. The move comes after Gazprom tried to reassure European buyers including Eni (E) that payment would not violate European Union ...

European natural gas prices rallied as much as 14% Thursday, after Gazprom (OTCPK:OGZPY) announced it would no longer export gas through Poland via the Yamal pipeline (EQNR) (SHEL). The announcement comes after Moscow prohibited dealings with former Gazprom (OTCPK:OGZPY) subsidiaries which ha...

The last of the G7 nations has committed to gradually phase out imports of Russian oil as Japan ramps up the pressure on President Vladimir Putin. Up until now, the resource-poor country had been reluctant to prohibit the imports, though the "unity of the G7" now outweighs the "very difficult...

Right now, in the seasonally strong late spring period for oil consumption, many countries are putting sanctions on Russia because of the Ukraine crisis. I am worried that some of these sanctions will backfire, and the price of oil will go parabolic, affecting more than the sanctionin...

As the war in Ukraine goes on way longer than Vladimir Putin appears to have anticipated, the Russian leader is getting increasingly aggressive. Moscow has cut off key gas supplies to Poland and Bulgaria, threatening to do the same for other "unfriendly nations" that refuse to pay for fuel in...

Tuesday it was reported that Russia cut gas export flows to Poland. Shortly after the halt in Poland was announced, Bulgaria also indicated that gas imports from Russia were set to stop. The export embargo stemmed from a refusal to pay for Russian gas in rubles. Importantly, by all accounts, ...

Several energy policy headlines crossed the tape Tuesday afternoon in the US, with Russia announcing plans to cut gas supply to Bulgaria and the White House showing concern Iran could develop a nuclear weapon within weeks. The news followed updates earlier in the day that indicated Russia had...