Property company British Land Co. PLC said it is looking to remove Gazprom PJSC traders from their London office as soon as it is legal to do so.
Gazprom Marketing & Trading, a subsidiary of Russia’s state-owned gas company, trades gas, oil, carbon and liquefied-natural gas. It also has a retail electricity business, according to its website, and has offices in the U.S., Switzerland, Singapore and elsewhere.
In the U.K., the company’s traders have worked from 20 Triton Street, near London’s well-heeled Fitzrovia district, for at least a decade, a person familiar with the matter said.
A spokeswoman for British Land, the landlord, said the company would “exit this arrangement as soon as we legally can.” She said British Land would review all options available to it.
The move by the landlord is a small example of the rapid freezing out of Russian companies from international commerce since Moscow invaded Ukraine. Even in the energy industry, which governments have sought to leave out of their sanctions regimes, western companies are moving to ostracize their Russian counterparts.
A Gazprom spokeswoman didn’t return a request for comment.