UPDATE 2-E.ON CEO positive on Russia, sees more investment potential

miércoles 30 de abril de 2014 09:04 GYT

* Keeps 2014 outlook, sees EBITDA of 8-8.6 bln eur

* Has spent about 6 bln euros in Russia since 2007

* Biggest foreign investor in Russian electricity market

* Shares down 1 pct (Recasts, adds further on Russia, fuel tax)

By Christoph Steitz and Tom Käckenhoff

ESSEN, Germany, April 30 (Reuters) - E.ON remains committed to business in Russia, Germany's largest utility said on Wednesday, seeking to reassure investors over fresh western sanctions imposed on Moscow over the crisis in Ukraine.

The European Union on Tuesday announced asset freezes and travel bans on 15 Russians and Ukrainians, a day after U.S. sanctions on seven Russians and 17 firms linked to Russia's President Vladimir Putin.

Putin said that Moscow saw no need for counter sanctions against the West, but could reconsider the participation of Western companies in its economy, including energy projects.

"In the long-term, we view the Russian power market as stable and expect a significant need to renew capacity as well as further investment opportunities," E.ON Chief Executive Johannes Teyssen told the group's annual general meeting.   Continuación...