World News@lemmy.worldEnglish · 7 months ago

Gazprom slumps to first annual loss in 22 years as trade with Europe hit

www.theguardian.com

Gazprom slumps to first annual loss in 22 years as trade with Europe hit

www.theguardian.com

Riddick3001@lemmy.world to

World News@lemmy.worldEnglish · 7 months ago

£5.5bn loss in 2023 comes after gas sales more than halved following Russia’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.

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7 months ago
Putin: “Sanctions will hurt you more than it will hurt us.”
2 years later, one of Russia’s most profitable companies has a huge deficit due to sanctions.
LOL

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