Gazprombank, or GPB (JSC), is the third largest bank in the Russian Federation. The Bank’s principal business areas are corporate banking, retail banking, investment banking and depositary services. Its banking activities also include securities trading, foreign exchange operations, precious metals operations, clearing operations and settlement services. The Bank has a distribution network of 43 branches and over 260 banking outlets located throughout the Russian Federation. GPB also has ownership interests in three other Russian banks. In addition Gazprombank is represented in the markets of Belarus, Armenia and Switzerland through ownership interests in three foreign banks: Belgazprombank (Belarus), AREXIMBANK-GAZPROMBANK GROUP (Armenia) and Gazprombank (Switzerland) Ltd. Gazprombank also has representative offices in Mongolia, China and India.
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The State Oil Company Rosneft will challenge the US and European Union sanctions in the amoun of 17.7 million pounds with the assistance of the British lawyers.
Head of the oil and gas governing body of Texas David Porter asked the US Secretary of State John Kerry to take action against Gazprom, which, according to the official, conducts subversive activities against the US natural gas industry.