MOSCOW, December 17. /TASS/. The price of Gazprom shares has reached the bottom for the first time since January 2009 when the company’s shares were priced at 101.64 rubles.

As of 4:32 p.m. Moscow time (1:32 p.m. GMT) the price of Gazprom shares was down by 2.4% at 106.1 rubles. By of 5:20 p.m. Moscow time (2:20 p.m. GMT) the company’s shares had narrowed losses to 1.69% trading at 106.87 rubles.

The decline is possibly due to US sanctions imposed against Gazprom on December 17.