UK prepares to temporarily nationalize Gazprom retail unit in response to the Russian invasion of Ukraine

The UK government is preparing to step in and temporarily run Gazprom’s British retail supply arm as it comes under increasing pressure with companies turning their backs on Russian business. Gazprom Marketing & Trading Retail Ltd., which has over 30,000 business customers, is a prime candidate to be taken into the UK’s special administration regime, according to Bloomberg.

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