Gazprom stops courting U.S. investors after Crimea crisis

|By:, SA News Editor

Gazprom (OGZPY) reportedly will stop marketing to U.S. and European investors after the Crimea crisis and work to increase bond and shareholders from the Middle East, Latin America and Asia, especially China.

Senior managers at Russia’s gas-export monopoly told investor relations staff to find more shareholders in Asia and other emerging markets after completing investor meetings last month in New York and London, Bloomberg reports.

U.S. investors own ~10% of Gazprom shares through ADRs, making them the largest investors after the Russian state, which holds 50%.