Russia - 06

Russia: Turkmenistan Alleges Gazprom’s Insolvency

On 8 July an official statement from the Turkmen Ministry of Oil and Gas Industry and Mineral Resources alleged that Gazprom has failed to pay Turkmenistan for any gas deliveries completed in 2015 and referred to the company as “insolvent.” The timing of the statement was visibly targeted to embarrass the Kremlin: it was released just as President Vladimir Putin hosted BRICS and Shanghai Cooperation Organization (SCO) leaders in Ufa.

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