Gazprom slumps to first annual loss in 22 years as trade with Europe hit

Riddick3001@lemmy.world to World News@lemmy.world – 67 points –
Gazprom slumps to first annual loss in 22 years as trade with Europe hit
theguardian.com

The company made a net loss of 629bn roubles (£5.5bn) in 2023 amid dwindling gas trade with Europe, once Gazprom’s main sales market, as a result of sanctions and the throttling of pipelines to the continent.

6

Putin: "Sanctions will hurt you more than it will hurt us."
2 years later, one of Russia's most profitable companies has a huge deficit due to sanctions.
LOL