Poland’s antitrust watchdog UOKiK said on Wednesday it has imposed a 29 billion-zloty ($7.6 billion) fine on Russia’s Gazprom over the Nord Stream 2 gas pipeline, designed to boost gas supplies to the EU.
According to the regulator, the direct pipeline from Russia to Germany impedes competition on European Union energy markets and “violates the interests of consumers.” The fine amounts to 10 percent of Gazprom’s annual revenues – the maximum allowed penalty. Other companies participating in the construction of Nord Stream 2 have been fined $100 million. UOKiK gave Gazprom and its partners 30 days to terminate financing agreements and “restore” competition.
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