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Russian energy giant Gazprom plunged to its biggest loss in at least a quarter of a century after gas sales more than halved in the fallout from Vladimir Putin’s war in Ukraine.
The loss of Rbs629bn ($6.9bn) in 2023 underlines how the Russian president’s invasion of Ukraine has ravaged the state-owned natural gas monopoly, leading to plummeting sales in Europe, its main source of income.
Gazprom’s revenues fell almost 30 per cent year-on-year to Rbs8.5tn, with gas sales dropping from Rbs8.4tn to Rbs4.1tn.
The…
