The loss of a key European market has dealt a severe financial blow to Russian energy giant Gazprom, resulting in net losses of 1.076 trillion rubles ($13.1 billion) in 2024
The downturn has forced Gazprom to implement cost-cutting measures, including mass layoffs. On Jan. 13, Russian media outlet 47News reported that the company was preparing to lay off 1,600 employees from its central office.
Lot of it is in the arctic/very harsh climate and needed europe / us expertise to get extracted. That expertise is gone now.
Ukraine has shut down refining plants, and also the sanctions has worked.
And of course the eu buys less.