Tue, 21-Oct-2025

Germany will lose 5 billion euros each year due to Russian gas restrictions

Germany

Russia’s decision to stop supplying Gazprom Germania with gas could cost Germany up to $5.4 billion a year in lost revenue, the report says. Gazprom stopped supplying the company in May after Berlin put it under trustee management due to Russia’s invasion of Ukraine. Russia’s approvals against Gazprom Germania and its auxiliaries could cost German … Read more

Gazprom reports record profits of $7.8 billion as gas prices soar

Rising gas prices

MOSCOW: Russian gas giant Gazprom on Monday said that its net income rose to a record 582 billion rubles ($7.8 billion) in the third quarter on the back of soaring gas prices in Europe. Europe receives a third of its gas supplies from Russia and has seen energy prices surge to record highs, as economies … Read more