BREAKING NEWS

BREAKING NEWS

Gazprom joins queue of companies threatening to leave London

 Comments
Now Reading :

Gazprom joins queue of companies threatening to leave London

Gazprom joins queue of companies threatening to leave London
Text size Aa Aa

Russia’s state-run Gazprom may quit London and relocate its trading and marketing operations if a “hard” Brexit denies the energy giant preferential access to EU markets.

Media reports say the company’s most important export market is too valuable to see compromised, and staying in a London outside the EU could see raised barriers and increased costs.

Similar fears of a loss of business with EU nations means several London-based banks and financial institutions are considering relocating parts of their operations.

Gazprom opened its London trading offices in 1999.