Gazprom will not pay dividends, last year it recorded its first losses since 1999
- Admin
- May 22, 2024
- 1 min read
The Moscow Government instructs Gazprom not to pay dividends after its first annual losses since 1999. Gazprom faced a significant decline in gas sales to Europe due to the war in Ukraine, resulting in a $7 billion loss. The company, a major contributor to the Russian budget, encountered a 55.6% drop in gas exports to Europe in 2022.
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