You're reading: Kruglov: Crisis in Cyprus did not impact Gazprom group

Minsk - The financial crisis in Cyprus did not impact the Gazprom group, Gazprom's deputy CEO and head financier Andrei Kruglov told Interfax. 

“The crisis in Cyprus did not influence the Gazprom group in any way. We have a business there – the company Gazprom Finance Cyprus. But it kept its account at VTB,” he said.

VTB has a subsidiary with operations in Cyprus – Russian Commercial Bank (Cyprus) Ltd.

The list of Gazprom’s affiliated entities entails 11 companies in the Cypriot jurisdiction. They include Gazfin Cyprus, Tzar Petrol Investment, Potassa Holdings, Atlas Alpha Services, Sibenergy (Cyprus), Kangol Enterprises, Ehrenberg Holding, Visini Holdings, Glafeta Holdings, Caraline Trading and Dexford Holdings.