£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.

  • Buffalox@lemmy.worldEnglish
    16·
    6 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