The settlement between the European Commission and the Russian gas giant Gazprom will increase competition in natural gas trade, the Latvian Economics Ministry said.
The EU has settled a high-stakes anti-trust case against Gazprom over claims it abused its dominant position as a gas provider in Eastern Europe member states.
The deal comes after Gazprom agreed to benchmark prices in Eastern Europe against prices in the rest of Europe, and to drop clauses restricting the re-export of gas by clients in order to avoids billions in fines.
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