Interviews

Alexey Miller’s interview with Der Spiegel magazine (Germany)

“Your teachers were not so good”

Mr. Miller, it was two years ago when you promised to bring Gazprom’s capitalization up to USD 1 trillion and transform it into the world’s biggest company. Instead, Gazprom’s market value reduced from USD 300 billion to 130 billion. Have the golden age of Gazprom passed away?

 

Over the last half a year alone, our shares grew by 35 per cent, which is a lot. The golden age passed away not for Gazprom, but for the financial capitalism based on securities only. We spoke of USD 1 trillion capitalization in spring 2008, before the global financial crisis, within the financial capitalism system. The system has discredited itself.