Russia’s Gazprom Group Reports First Net Loss in 24 Years

https://finance.yahoo.com/news/russia-gazprom-group-reports-first-162545260.html

Posted by A_Lazko

16 Comments

  1. cutmasta_kun on

    Stocking up the private army, I see. They really should ask Schröder about Gazprom and what they are up to.

  2. This is again, lazy and amateur reporting. Which gazprom? Russian one. Now there is like 20 new entoties, inluding the ones in Cyprus and Dubai, who serve as brokering companies for incoming profit.

    Russia only moved cash flow from Russia to non sanctioned countries. DONT GET FOOLED!

  3. CremeBrilliant735 on

    55.6% less of gazprom’s gas stopped flowing to Europe’s market. Losing those customers is a tremendous loss for them. It took time but now they might start to feel the actual repercussions for their senseless violence on innocent llives.

  4. Vierailija_Maasta on

    Sell oil for discount.

    Fail to deliver. 

    Sell less for more expensive? 

    Very hard.

  5. If even Russian accountants can’t cook the books to show a profit, the reality must be an absolutie disaster.

  6. bingobongokongolongo on

    Great news. Still worth mentioning, it’s a loss after taxes. So the Russian government won’t get a windfall through its shares, but it still grabbed its part through taxes. Gazprom is still significantly funding the war.

  7. Summary:
    – they posted a net LOSS of $6.7 billion USD
    – previous years they were making about $13 – $15 billion USD in PROFIT