(Bloomberg) — Poland’s antitrust watchdog slapped a $7.6 billion fine on Gazprom PJSC over the Nord Stream 2 pipeline, opening a new front in the bitter political battle over the controversial gas project.The regulator said the Baltic Sea project impedes competition and “violates the interests of consumers.” It gave Gazprom and its partners 30 days to terminate financing agreements to “restore” competition. The fine amounts to 10% of the company’s annual revenues, the maximum allowed penalty.“The construction of Nord Stream 2 is a clear violation of market regulations,” Tomasz Chrostny, the head of the UOKiK regulator, said in Warsaw on …read more
Source:: Yahoo Finance
