Gazprom Struggles Without European Markets

Gazprom’s financial landscape changed drastically by the end of 2023, as it reported its first loss in nearly 25 years. Once thriving on European sales, the Russian energy giant faltered after leaving that market in 2022. Despite crises like the 2008 financial collapse and the 2020 lockdown, Gazprom’s robust gas reserves and European contracts kept […]

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