This is the collapse of Gazprom. Russia is forced to take incredible measures. What’s happening :: World :: www.technologijos.lt

Russian energy giant Gazprom is in such dire financial straits that it is being forced to sell its assets.

The giant of the Russian Federation, which has experienced record losses in 25 years, is selling off its assets. After two years of losing the European market, in 2023 at the end of the year, its net losses amounted to 6.8 billion dollars.

On Wednesday, May 8, Gazprom announced the sale of 6 real estate properties in Moscow and the Moscow region on its official Telegram channel. Among other things, the sanatorium-resort complex “Imperial Park Hotel & Spa”, office premises and even a parking lot were included in the sale.

It is noted that the property is being sold ostensibly due to the relocation of the corporation’s main office from Moscow to St. Petersburg. But it is also an indicator of the dire financial situation of the energy corporation.

Gazprom has been used by Russian dictator Vladimir Putin as a blackmail weapon against the West for decades. The results of this policy were disastrous The Russian company owns the largest gas reserves in the world.

According to EBITDA indicators, Gazprom’s income has halved in 2023. The main problem of the corporation is the loss of the European market.

For this reason, the company’s exports decreased to 69 billion at the end of last year. cubic meters of gas, which is the lowest figure since 1985. The Russians also had to cut production to the lowest level in 34 years.