Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Gazprom Foreign Limit

MOSCOW -- A limit on foreign share ownership in Russian natural gas monopoly Gazprom of 9 percent should be raised, but a final decision was unlikely for some time, company head Rem Vyakhirev said Wednesday.

"Not today, and not tomorrow," Vyakhirev said, when asked when the limit may be raised. "I can't say when this will happen, but it is necessary."

Gazprom is similar to six or seven big financial-industrial groups in Russia in that it has extensive banking and media interests.