Russia's Gazprom reports first annual loss in nearly 25 years
Raw Story -

Russia state-controlled energy giant Gazprom was in the red last year for the first time in almost a quarter of a century after trade with Europe nosedived in the wake of the invasion of Ukraine. Gazprom reported on Thursday a net loss in 2023 of 629 billion roubles (around $6.9 billion), missing analyst estimates. Russian media outlets reported this was the first annual net loss at Gazprom since 1999. Following a profit of 1.23 trillion roubles in 2022, the first year of the full-scale war in...

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