The Gazprom-Media company has reportedly withdrawn from the agreement with Deutsche Bank concerning selling shares in the NTV television in the West and accused Media-MOST of defying its obligations. Earlier, Media-MOST filed lawsuits against Gazprom and Deutsche Bank for violation of their agreement with Media-Most signed in November 2000. Media-MOST filed lawsuits against Gazprom and Deutsche Bank for violatiing their agreement with Media-Most signed in November 2000. The agreement provided for repayment of Media-MOST’s $471 million debt to Gazprom by means of transferring shares in Media-MOST and NTV to the gas company, and Deutsche Bank was to find a buyer for these shares. Deutsche Bank failed to reach an agreement with Media-MOST on selling the shares in NTV. Instead, Deutsche Bank made a bilateral agreement with Gazprom in December 2000, which was the reason for filing the lawsuits. Deutsche Bank says Media-MOST’s lawsuits are groundless, and the bank intends to appeal. In the meanwhile, Andrei Tsimailo, deputy chairman of Media-MOST’s Board of Directors, was questioned in the General Prosecutor’s Office again today, RBC reports.
Chinese President Xi Jinping warned his new US counterpart Joe Biden not to push Europe into an alliance against Beijing