Sanctions knocked shares of "Gazprom". RF slips into recession Bashny.Net

< US and EU sanctions bring down shares of "Gazprom»

The Russian economy is stalling, the forecast of "Gazprom" has strayed from reality 910 billion. In April 2007, when the market of raw materials is a record revival, deputy chairman of "Gazprom" Alexander Medvedev predicted, after 7 years of the company's capitalization will increase fourfold to $ 1 trillion, reminiscent of The Bloomberg.

"Medvedev made a mistake at 910 billion dollars", - says the article, reports Inopressa.

During the reporting period, the capitalization of the "Gazprom" has decreased, as one has any other company in the category "5000 largest companies in the world," the authors continue. "This fall in the 154 billion dollars has become a symbol of the disease, which fell ill Putin's economy" - the article says. Shares of "Gazprom" for three consecutive years fall in the stock market, while it increases the cost of the Olympics in Sochi, projects in Siberia and the rest.

"Gazprom" - one of the champions of the destruction of value, "- said in an interview with Ian Hague, founding partner of Firebird Management LLC. According to him, the reason is that Russia "does not create an environment where state-owned companies would function as an organization belonging to the shareholders."

For its part, the official representative of "Gazprom" Sergei Kupriyanov said that the forecast for the $ 1 trillion "taken out of context", as the company predicted capitalization in the event of a further increase in oil prices. Kupriyanov also said that the drop in the shares of "Gazprom" have contributed to US and EU sanctions.

The authors note: in April 2007, Medvedev "is not to say that the prognosis depends on oil prices," but added that the price of gas "Gazprom" attached to these prices. Whatever it was, the day of the forecast of oil cost 68 to 24 dollars per barrel, and now - 106, $ 15.

And what about the other economic indicators Russia? "Russia's MICEX index over the past 7 years has fallen by 19%. He showed himself worse than the MSCI in the category "emerging markets", which grew by 8, 2%, and the world index of developed countries MSCI, grew by 10% "- the article says. March 13, after the occurrence of friction between Russia and the United States, the MICEX entered a phase of lowering rates.

The World Bank said, because of the political crisis increases the risk of recession in Russia this year, according to the publication.

www.rupor.info/news-v-mire/2014/04/04/sankcii-ssha-i-es-valyat-akcii-gazproma/