"On the way to the Eastern Front at Chasov Yar"
Posted on 05/02/2024 10:01:21 AM PDT by marcusmaximus
Kremlin-owned gas giant Gazprom said on Thursday it plunged to a net loss of 629 billion rubles ($6.9 billion) in 2023, its first annual loss in more than 20 years, amid dwindling gas trade with Europe, once its main sales market.
The results highlight the dramatic decline of Gazprom, which since the collapse of the Soviet Union has been one of Russia’s most powerful companies, often used as a leverage to solve disputes with its neighbors, such as Ukraine and Moldova.
Analysts had expected net income of 447 billion rubles, according to Interfax news agency.
According to Reuters analysis, it was Gazprom’s first annual loss since the late 1990s/early 2000s, when Alexei Miller, an ally of President Vladimir Putin, took over the company in 2001.
Gazprom’s 2023 loss followed a net profit of 1.2 trillion roubles in 2022.
The company, now headquartered in St. Petersburg, made heavy losses in the late 1990s after it racked up foreign-currency debt, inflated in ruble terms by the financial crisis of 1998.
(Excerpt) Read more at cnbc.com ...
What Chasov Yar doink?
LOL!
What Gazprom doink?
"On the way to the Eastern Front at Chasov Yar"
RUAF Advance Further 12 Square Kilometers | AFU Fails To Stabilize The Front
Big Explosions In Odessa | The Defeat Of The Ukrainians Near Arkhanhelske. Military Summary 2024.5.2
LOLOL
putin is really dumb!
Kyiv in 3 days! Lol!
😂
Pictures and video posted online showed flames and billowing clouds of smoke engulfing buildings and firefighters training their hoses on areas still ablaze. Most of the loading area appeared to have been reduced to a shell.
What is left out of the story....a lot of German companies were key-players in getting gas through the distribution system, and to points where non-European countries could buy their natural gas. Without the Germans...the maintenance schedules are crapped-out and repairs take two to three times as long.
They depended on oil and natural gas...to bulk up the nation’s GDP.
APR 17 2024
Russia’s economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund.
Russia is expected to grow 3.2% in 2024, the IMF said in its latest World Economic Outlook published Tuesday, exceeding the forecast growth rates for the world’s advanced economies, including the U.S.
The forecast will be galling for Western nations which have sought to economically isolate and punish Russia for its 2022 invasion of Ukraine.
Wait! I thought Ruzzia didn’t need the European market and they’d be just fine selling gas and oil to China at a loss.
Going according to plan, right?
Coming soon: more Gazprom executives accidentally falling out of windows.
Ha. Your comment reminds me of an old joke I used to hear.... Great Marketing Scheme: “We’ll lose a bit on each sale but make it up in volume”!
Considering the removal of Europe as a market that loss seems small.
ZEEPER FOLLIES PINGLIST!!
(((PING!)))
Join and laugh at the Zeepers!!
Nothing says “liberating the Russian speakers” like bombing a post office. Thank you for again richly illustrating the Nazi traits of the filthy Russian World.
America could make up for the loss of gas on the world market and make a pretty penny and help our overall economy, which would MAGA but America does not want to be great but is happy to become 3rd world.
Crimea by Christmas!
Chasiv Yar by Victory Day!
They can just get it from JP Morgan and Chase.
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