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8%  
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  • Putin Suffering 'Enormous Difficulties' Selling Russia's Gas: Analysis

    05/25/2024 6:11:48 AM PDT · by canuck_conservative · 71 replies
    Newsweek ^ | May 25, 2024 | Brendan Cole
    In mid-2022, Gazprom restricted gas flows to Europe in what was seen as a move by Putin to get both leverage against Kyiv's allies ahead of the winter season and retaliate against Western sanctions and support of Ukraine. But the EU managed to find alternative long-term sources of gas imports and free itself from most Russian piped-gas imports ... Gazprom's revenue fell by 41 percent year-over-year in the first half of 2023, while sales profits dropped 71 percent and gas production by 25 percent... The report said the company's upstream gas-production base is now isolated because infrastructure connecting its main...