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...