this post was submitted on 02 May 2024

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Gazprom slumps to first annual loss in 22 years as trade with Europe hit (www.theguardian.com)

submitted 6 months ago* (last edited 6 months ago) by Buffalox@lemmy.world to c/ukraine@sopuli.xyz

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Profits were expected to be halved from the 2022 1.2 tn Rubles, but instead they made a loss in 2023 of 629bn Rubles or £5.5bn.

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[–] MrMakabar@slrpnk.net 5 points 6 months ago

You have to keep in mind that the decline in profits is mainly from selling fossil gas, that is the gas not liquid, to the EU. Blowing up oil infrastructure is a new thing.