According to Alexander Fack, a report on how Gazprom contractors are cashing in on corporations was the result of painstaking work. And German Gref himself hardly read it, because the report has not yet been translated into Russian.
Sberbank CIB decided to dismiss analyst Alex Fack, who previously produced reports on Russian oil and gas companies. In the last report, he noted that Gazprom does not work in the interests of its shareholders, but in the interests of contractors - the companies of the Rothenberg clan and Gennady Timchenko.
Sberbank CIB accused Gazprom of infringing the interests of shareholders. According to banking analysts, Gazprom's largest contractors turned out to be the main beneficiaries of the expensive construction of the Siberia, Northern Stream-2 and Turkish Stream export pipelines. Their cost was 93.4 billion dollars.