this post was submitted on 18 Mar 2025
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Ukraine

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Russian energy giant Gazprom suffers $13.1 billion loss in 2024 (kyivindependent.com)
submitted 4 months ago by Cephalotrocity@biglemmowski.win to c/ukraine@sopuli.xyz
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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.

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[–] JohnDClay@sh.itjust.works 10 points 4 months ago (1 children)

Ukraine helped. Also, they're taxed at almost exactly their profit to maximize state revenue. It's not quite state owned, but it's close.

[–] Zetta@mander.xyz 6 points 4 months ago

Plus, I'm sure a ton of corruption, stealing money directly from within the company.