Russia’s Gazprom posts first annual loss in 20 years as sales to Europe collapse

https://www.cnn.com/2024/05/03/business/gazprom-posts-first-loss/index.html

10 Comments

  1. GlowstickConsumption on

    “The company’s **core profit**, or earnings before interest, taxes, depreciation and amortization known as EBITDA, dropped to 618.38 billion rubles **($6.7 billion) last year from 2.79 trillion rubles ($30.4 billion) in 2022**, according to **Reuters’ calculations**.”

  2. Redditisavirusiknow on

    This is the good news we should be celebrating, instead of the deaths of hundreds of soldiers. The way to win this war is for a mutiny, and that will come as soon as the money dries up. Get the world off gas and oil fast and watch Russia’s war machine collapse.

  3. frankwizardlord on

    Lmao russia is a gas station pretending to be a country and they can’t even get their entire purpose for existing right

  4. macross1984 on

    The saying, “Don’t bite the hand that feed you” certainly apply here. When Putin tried to blackmail Europe with threat of withholding oil and LNG, he believed he had enough clout to force EU into not act on his invasion of Ukraine.

    Unfortunately for Putin, his plan backfired spectacularly and his plan of swiftly defeating Ukraine and swallow it went out of window.

  5. Necessary-Outside-40 on

    Fighting an enormous war like the Ukrainian invasion takes lots of money. Ironically, when Putin destroyed the independent Russian industries, he destroyed Russia’s ability to fight and win a large war.

  6. IllIllllIIIIlIlIlIlI on

    I really hope the Russians can change the leadership in their country to some governing body that doesn’t take Ls 24/7. Russia could be so great! They have artists and scientists and academics and musicians and performers and athletes!

    You don’t need an ugly little mobster telling you what you can and can’t do!

    Even you Russian billionaires! All that money Putin is taking from you, for what? To get you oil and gas infrastructure bombed by Ukraine?

    I hope the Russians do something.

  7. littleredpinto on

    Twenty years of Putting taking half…I wonder how much he has put away from that company?

  8. Good, Russia is the terrorist state of the world. New World Nazi’s. Don’t get it twisted.