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Serbia, Russia: NIS-Gazprom Deal

Categories: Eastern & Central Europe, Russia, Serbia, Economics & Business, Environment, International Relations, Politics

A roundup on the NIS-Gazprom deal [1] – at Eternal Remont: “In 2008, Deloitte & Touche valued NIS at $2.95 billion. But Gazprom is only going to pay $1.2 billion ($537 million + $721 million in new “investment”) between now and 2012. Better yet, the Serbs refused to entertain offers from anyone but Gazprom. Since the collapse in energy prices, Gazprom doesn’t have the money to pay for the entire deal in cash. Instead, it will have to find someone to lend it an extra $721 million.”