Equities

Reuters reveals Russia's Gazprom suspends external borrowing amid spat with Naftogaz

Reuters reveals Russia's Gazprom suspends external borrowing amid spat with Naftogaz

Reuters revealed Russia’s Gazprom suspended its external borrowing program earlier this year because of a deepening legal dispute with Ukraine’s Naftogaz over gas supplies. A London court in June froze the gas giant’s assets in Britain at the request of Naftogaz. The British verdict is likely to have spooked Western banks that traditionally work with Gazprom because it raises the possibility that any new funds the company might raise via London could also be frozen, a Reuters source said