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The UK is considering bailing out a Gosprom-led retailer

by Lovell Massy
March 21, 2022
in Top News
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The United Kingdom is considering intervening in the management of a retail company affiliated with the Russian oil company Gasprom to avoid disruptions in the supply of goods and services. This hypothesis is being explored by the British government, which believes that the collapse of the company could cause an even bigger downturn in the British economy.

It is questionable whether Gosbrom was one of the companies targeted by the sanctions imposed on Russia due to the Ukraine invasion. It has been negatively affected Gosprom Marketing & Trading Retail, a subsidiary of Gosprom in the retail sector, is showing signs of being “pressed” by closing its doors to large Russian companies.

To ensure that the Gosprom Marketing & Trading Retail continues to operate in the UK without compromising on energy supply to more than 30,000 British companies. State.
This means that the British government will assume administrative responsibilities Gosprom Marketing & Trading starts with the idea that the retail business in the country will have to pay less to “recover” the company than the damage caused by its fall to avoid the collapse of the companies that depend on it.This “special management” process has so far only been used with energy companies in the UK Pulp announced the “redemption” request in September last year Due to the financial problems caused by the rise in natural gas prices. Faced with this, the controller decided to intervene in the management of the company, thinking that the company was “too big to fail”.The Gazprom Marketing & Trading Retail is responsible for supplying more than one-fifth of the gas traded in the UK by 2020. The Russian state oil company subsidiary is a supplier to a number of companies and public companies, including part of the British National Health Service. NHS).

See also  The Secretary of State for Portuguese Communities is visiting the United Kingdom next week

Lovell Massy

“Total creator. Devoted tv fanatic. Communicator. Evil pop culture buff. Social media advocate.”

Lovell Massy

Lovell Massy

"Total creator. Devoted tv fanatic. Communicator. Evil pop culture buff. Social media advocate."

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