The EU has been investigating Gazprom since 2011. AFP / Kirill KUDRYAVTSEV
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The EU Thursday settled a high-stakes anti-trust case against Gazprom, the Kremlin-backed energy giant, over claims it abused its dominant position as a gas provider in Eastern Europe member states.The deal comes after Gazprom agreed to benchmark prices in Eastern Europe against prices in the rest of Europe and to drop clauses restricting the re-export of gas by clients. The decision will infuriate Eastern European energy players who fear the dominance of Gazprom and accuse Brussels of favoring the Russian giant with a special deal.The EU has been investigating Gazprom since 2011 over claims it abused its dominant position with unfair prices and restrictive terms in eight EU countries, all former satellites of the Soviet empire.
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