...WAR is not good for business!!!!
The fall of the world's largest natural gas extractor: Gazprom was the jewel in Putin's crown, the Russian gas giant, now sells its Moscow offices via Telegram
Record losses at Gazprom lead to the sale of real estate in Moscow. Learn more about the crisis of the Russian gas giant.
💥☄️☄️Follow our page, Subscribe..
Cataclysm in Russia's industry. Gazprom, the heart of the Russian economy and the world's largest natural gas extractor, announced that it will sell its properties in Moscow after recording record losses due to the drop in exports to Europe.
Putin's miscalculation
The Gazprom Group, a multinational majority-owned state-owned company, has relocated its headquarters to a skyscraper in St. Petersburg. Analysts, however, interpret the sale of its Moscow properties as a liquidation of assets.
“2023 was the worst year in decades and its current production is at 1970 levels,” geopolitical analyst Tom O’Donnell told Newsweek. “It’s the result of a miscalculation by Putin,” who cut off supplies from the Nord Stream pipeline in an attempt to force an energy crisis in the European Union that would lead to it dropping support for Ukraine.