ARTICLE
Putin doubles lump-sum payment for people enlisting in war against Ukraine
Iryna Balachuk
Wednesday, 31 July 2024, 11:57
https://www.pravda.com.ua/eng/news/2024/07/31/7468247/
Russian leader Vladimir Putin has more than doubled the lump-sum payment for those willing to sign a contract with Russia’s Defence Ministry and enlist in the war against Ukraine.
SOURCE: Russian online newspaper The Moscow Times, citing Putin’s decree released on a legal information portal
DETAILS: The document states that Russians and foreigners who sign a contract with Russia’s Defence Ministry to join the war against Ukraine will now be eligible for a one-time payment of RUB 400,000 (approximately US$4,600).
Earlier, this one-off payment amounted to RUB 195,000 (roughly US$2,200).
Under the decree, only those who sign a contract from 1 August to 31 December 2024 will be eligible for the increased payment.
Additionally, Putin recommended that Russian regional authorities should also provide at least RUB 400,000 to citizens who choose to enlist in the war of aggression against Ukraine.
ARTICLE
Losses of Russian energy giant Gazprom almost doubled
Economichna Pravda
Wednesday, 31 July 2024, 11:57
https://www.pravda.com.ua/eng/news/2024/07/31/7468245/
The net loss of the Russian energy giant Gazprom under Russian Accounting Standards (RAS) totalled RUB 480.64 billion (roughly US$5.5 billion) in the first half of 2024 after RUB 255 billion (roughly US$2.95 billion) of losses in January-June 2023.
SOURCE: enkorr, a Ukrainian energy-related news outlet, citing the company’s financial statements
DETAILS:
Gazprom calculates dividends from the group’s consolidated profit in accordance with International Financial Reporting Standards (IFRS), which, in addition to the gas business, also includes oil, power and liquefied natural gas divisions.
The dividend policy envisages adjustments to the dividend base for non-cash items.
The rise in losses for the Russian gas monopoly is primarily due to reduced gas supplies to Europe, while the company’s operating costs remain high.
BACKGROUND:
In 2023, natural gas supplies to Europe by the Russian energy giant Gazprom decreased by 55.6% to 28.3 billion cubic metres.
The net loss of the Russian energy giant Gazprom under Russian Accounting Standards (RAS) totalled RUB 480.64 billion (roughly US$5.5 billion) in the first half of 2024 after RUB 255 billion (roughly US$2.95 billion) of losses in January-June 2023.
Source: enkorr, a Ukrainian energy-related news outlet, citing the company’s financial statements
Details: Gazprom calculates dividends from the group’s consolidated profit in accordance with International Financial Reporting Standards (IFRS), which, in addition to the gas business, also includes oil, power and liquefied natural gas divisions.
The dividend policy envisages adjustments to the dividend base for non-cash items.
The rise in losses for the Russian gas monopoly is primarily due to reduced gas supplies to Europe, while the company’s operating costs remain high.
Background: In 2023, natural gas supplies to Europe by the Russian energy giant Gazprom decreased by 55.6% to 28.3 billion cubic metres.