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.
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.
Ha Putin, you bet the sanctions work! Remember this is how bad it was in 2023, this year will probably be way worse after Ukraine has also begun to take out depots and refineries. Rumors are that Russia is beginning to lack oil to service both their population and the war!
The oil industry is by far the biggest earner for Russia, so Gazprom posting such a bad result can only mean the Russian economy is feeling some real hurt from the sanctions.
Yips, it will get worse for Ruzz for sure.
“Worst year so far!”