Posted on 03/21/2025 5:05:24 AM PDT by marcusmaximus
Russia's under-pressure economy and Vladimir Putin have been dealt a devastating blow after state-controlled gas giant Gazprom recorded a huge net loss of $12.89B (£9.9bn) in 2024. The company's financial woes were compounded by plummeting share prices in its subsidiary Gazpro Neft and an increased income tax rate of 25%.
This greatly raised tax liabilities for the company, leading to billions of pounds lost and follows a historic 2023 where Gazprom revealed a net loss for the first time in 25 years, recording a historic deficit of 629 billion rubles ($7.6 billion). The huge financial blow has had a knock on effect to its employees with Russian sources sharing that the gas giant's CEO, Alexei Miller, has now approved plans to cut 1,500 jobs.
(Excerpt) Read more at express.co.uk ...
Imagine that another russian collapsing story, russia is always collapsing, but never seems to get there.
Wow! Over a 25% tax. Try living under a democrat tax scheme.
EC
Are Russian egg prices still slightly elevated than before the war?
If so Putin days are numbered (again)
A single company in a country with the GDP PPP of $6+ trillion posted a $12 billion loss....
do you care AT ALL ABOUT THE USA??!
I dont think you post anything that doesn’t serve your foreign agenda interests.
It’s kinda sickening.
American energy first. Gazprom’s failing is a good thing.
Gazprom. The state-owned pride and joy of Mother Russia.
Marcus don’t be a fool, everything is fine they report 4.1% GDP, 21% interest rates and 11.9 inflation, stronk and resilient😎
Putin economy stronk like Oreshnik!
If you are going to PPP the GDP, PPP the loss as well
No.
Meanwhile, Ukraine keeps getting its ass kicked on the battlefield:
The Russian economy is doing pretty well and is on full war footing by the time. Any new sanctions are unlikely to do anything at this point.
Meanwhile the EU countries are struggling financially and militarily and any story coming from them should be viewed as propaganda!
Gazptom eating shiite means same for Putin’s skims. He is worth 200 billion or so from his skimming the Russian hydrocarbon exports sector. I am sure he has other skims and rackets too.
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