Gazprom doesn’t expect EC penalties under the antimonopoly probe to be tangible, TASS quoted a source in the Russian company as saying on Thursday. “I think these will be small, if any at all,” the source said. In April, the European Commission sent the official list of claims within the European antitrust probe to Gazprom. EC suspects Gazprom of abusing its leading position on the gas market in eight EC member states and also has questions regarding its system of long-term contracts and pricing.
The Russian National System of Payment Cards (NSPC) is expected to capture 30-40% of the payment cards market in Russia, deputy chairperson of the Russian Central Bank, Olga Skorobogatova, said on Thursday. First national payment cards will be issued in December 2015, TASS quoted her as saying. It is premature to speak about the number of cards to be issued, she said. The new cards will be called “Mir,” which translates as “peace.”
The world’s seven largest diamond producing companies including Russia’s Alrosa corporation, have agreed to set up a Diamond Producers Association (DPA), TASS reports. The association will also include De Beers, Rio Tinto, Dominion Diamond Corporation, Lucara Diamond Corporation, Petra Diamond Ltd. and Gem Diamonds Ltd. The operations of the DPA will be aimed at supporting and beefing up consumer demand for diamonds and at creating a unified analytical databank.
The FIFA corruption scandal has no impact on Gazprom's sponsorship agreement with the company, the Russian energy giant’s spokesman said on Thursday. “Gazprom’s sponsorship agreement is not affected by the situation around FIFA,” TASS quoted Aleksandr Kupriyanov as saying. The agreement was signed in September 2013, and Gazprom got the status of official partner of FIFA tournaments held in 2015-2018, including the 2018 World Cup in Russia.
Finance Minister Anton Siluanov has described the situation on the Russian financial market as stable, RIA Novosti said. He made the statement at a meeting with representatives of the Fitch rating agency. The ministry sees a growing inflow of foreign investors buying Russian assets, he said.
All Russian banks working with Visa have transferred transactions inside the country to the national payment system, according to Olga Skorobogatova, deputy head of the Central Bank. The transfer process to the National Payment System was completed on Wednesday, she said.
There is still a lot of work to do before Greece and its international lenders could clinch a cash-for-reforms deal, the head of the International Monetary Fund said on Thursday. “I would not say that we already have reached substantial results,” IMF Managing Director Christine Lagarde told ARD television. “Things have moved, but there is still a lot of work to do,” Reuters quoted her as saying. She believes Greece will fulfill its commitments.