Novatek in profits boost

Russia’s second-largest gas producer Novatek boosted second-quarter profits on the back of higher prices but is assessing the impact of US financial sanctions on its business.

Facing sanctiions: Novatek major shareholder Gennady Timchenko
Facing sanctiions: Novatek major shareholder Gennady Timchenko
Published 30 July 2014, 14:37Updated 11 October 2016, 16:17
Eastern Europe