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.

  • MrMakabar@slrpnk.netEnglish
    0·
    2 days ago

    and this year will get worse, with Ukraine cutting off the last Russian gas pipeline to the EU.

    • Tuukka R@sopuli.xyzM
      1·
      1 day ago

      There’s still the Turkish gas, of which 40 % comes from the Russia. But yes, the Russian gas sales revenues are dwindling merrily :)