Gazprom Records First Annual Loss in Over 20 Years Amid Europe Sales Decline
In a significant financial downturn, Gazprom, Russia’s state-owned gas giant, has reported its first annual loss in over two decades, amounting to 629 billion rubles ($6.9 billion) for the year 2023. This stark decline comes as sales to Europe witnessed a drastic collapse following Russia’s military intervention in Ukraine. The announcement of the earnings on…