Putin Signs Law Reinforcing Gazprom's Dominance

Law360, New York (July 19, 2006, 12:00 AM EDT) -- Russian President Vladimir Putin has signed off on a new law solidifying Gazprom’s monopoly on natural gas exports, the last step in finalizing a measure widely considered to be an affront to the European Union.

The law passed through Russia’s two houses of Parliament earlier this month.

While Russian leaders have expressed general support for liberalized energy markets, they balked when pressed to sign the Energy Charter Treaty at the recent G8 meeting in St. Petersburg. Russian Energy Minister Viktor Khristenko said that Russia would agree...
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