Gazprom Stops Courting U.S. Investors After Crimea Crisis

Russia’s largest company OAO Gazprom 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, which has a market value of $90 billion and $37 billion of outstanding bonds, told investor relations staff to find more shareholders in Asia and other emerging markets after completing investor meetings in New York and London in early March, two people with knowledge of the matter said, asking not to be named because the policy is private.