Nationalization of Gazprom's subsidiary will cost Britain dearly - Bloomberg

24 March 2022, 18:10 | Economy
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Nationalization of Gazprom's subsidiary Gazprom Marketing \u0026 Trading Retail (known as Gazprom Energy) will cost the UK an estimated ?4bn. This is reported by Bloomberg, citing sources..

Britain's taxpayers could face billions of pounds in costs if the government ends up nationalizing Gazprom's subsidiary, which supplies about a fifth of the country's commercial gas..

If the company is nationalized, the government may have to impose a special management regime on the company that would force it to buy gas and electricity for customers at current high prices, the sources said, as the unit's hedging is owned by its parent company and will not be transferred..



The publication recalled that Gazprom's subsidiary supplies about a fifth of the country's gas to the country's market, providing them with two-thirds of large consumers, including producers of paper, steel and fertilizers.. Consumers have already responded and asked Prime Minister Boris Johnson's administration to make contingency plans..

At the same time, Gazprom Energy said that it was not aware of any decisions to transfer it under the control of the government, and that through its parent company, it can "

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Earlier, the publication reported that Britain is preparing to temporarily nationalize the "




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