Save for later Print Download Share LinkedIn Twitter Gazprombank, a Russian financial institution hobbled by US government sanctions, is looking to sell part or all of its indirect stake in Czech Republic-based Skoda JS, a nuclear equipment supplier that stands to benefit from such a move, two sources have told Nuclear Intelligence Weekly. The bank, which controls Skoda JS via its stake in Russia's heavy machinery manufacturer OMZ (United Heavy Machinery Plants), appears frustrated with the sanctions, which, in place since 2014, have hamstrung Skoda JS' operations and threaten to undermine potentially lucrative deals such as the construction of two VVER reactors in Ukraine.
