Tue, 21-Oct-2025

Gazprom shares dive after profit dropped for first time since 1998

Gazprom

Russian gas goliath Gazprom (GAZP.MM) has chosen not to deliver profits on last year’s outcomes. Whenever it first won’t pay out starting around 1998, sending its portions plunging by almost 30%. “The investors concluded that in the ongoing circumstance it isn’t fitting to deliver profits in view of the 2021 outcomes.”  Gazprom plans to burn … Read more

Russia adds 551.4 billion roubles to emergency reserve fund

The Russian government has added $9.5 billion to its emergency reserve fund. Extra revenues from oil and gas exports have contributed to the increase in reserves. Russia’s economy is on the verge of its worst downturn in two decades, with inflation at highest level in 20 years. On Thursday, the Russian government added 551.4 billion … Read more