World News@lemmy.worldEnglish · 7 months ago

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

www.theguardian.com

cross-posted to:
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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

cross-posted to:
[email protected]

£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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