Gazprom articles
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Gazprom swings to £5bn loss in blow to Putin
Kremlin-owned natural gas giant Gazprom has plunged to its worst loss in at least 25 years in a blow to Vladimir Putin’s war economy.]]>
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Russia's Gazprom reports first annual loss in nearly 25 years
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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Gazprom slumps to first annual loss in 22 years as trade with Europe hit
£5.5bn loss in 2023 comes after gas sales more than halved following Russia’s invasion of UkraineThe Kremlin-owned gas company Gazprom has plunged to its first annual loss in more than 20 years, after gas sales more than halved following Vladimir Putin’s invasion of Ukraine.The company made a net loss of 629bn roubles (£5.5bn) in 2023 amid dwindling gas trade with Europe, once Gazprom’s main sales market, as a result of sanctions and the throttling of pipelines to the continent. Continue...