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Gazprom to cut hundreds of traders as Kremlin retreats from West

Reuters  |  MOSCOW 

By Christian LoweMOSCOW (Reuters) - Russian gas giant Gazprom will cut hundreds of jobs at its overseas trading and export offices, including Britain, and move them to St Petersburg, according to two sources familiar with the plan, which comes at a time of rising tensions with the West. One of the sources said the decision reflected a broader trend of Russian state firms retreating from the West as part of President Vladimir Putin's drive to repatriate capital to reduce exposure to sanctions and also shore up the domestic economy. "In Russia, this story can be sold as a job creation ...

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First Published: Wed, March 14 2018. 23:44 IST