re: Latest Updates: Russia-Ukraine Conflict

Russian energy giant Gazprom suffers $13.1 billion loss in 2024

by Tim Zadorozhnyy March 18, 2025 9:54 AM

The loss of a key European market has dealt a severe financial blow to Russian energy giant Gazprom, resulting in net losses of 1.076 trillion rubles ($13.1 billion) in 2024, the Moscow Times reported on March 18.

Gazprom's losses averaged $251 million per week, $35 million per day, or $1.4 million per hour. While the company's total revenue increased by 11% and its gas revenue by 14%, it still ended the year with a sales loss of 192 billion rubles ($2.3 billion).

The company's financial troubles were compounded by falling share prices in its subsidiary Gazprom Neft and an increased income tax rate of 25%, which raised deferred tax liabilities.

In 2023, Gazprom posted a net loss under international accounting standards for the first time in 25 years, recording a historic deficit of 629 billion rubles ($7.6 billion).

Despite attempts to maintain its presence in Europe, Gazprom's gas exports to the EU remained low. In 2023, the company delivered 32 billion cubic meters of gas to Europe, nearly six times less than its peak of over 180 billion cubic meters in 2018-2019.

The downturn has forced Gazprom to implement cost-cutting measures, including mass layoffs. On Jan. 13, Russian media outlet 47News reported that the company was preparing to lay off 1,600 employees from its central office.

Gazprom's financial woes stem largely from the EU's decision to reduce reliance on Russian energy following the full-scale invasion of Ukraine.

Compounding its troubles, Russia's direct pipeline gas supplies to the EU have ceased completely after Ukraine refused to extend its transit agreement with Gazprom beyond Dec. 31, 2024.

The Kyiv Independent

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Cope and Bagdad Bob of Kiev getting their hopes up that the "wonder weapons" are going to save them.

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Save them no, but they are obviously affecting Russia and hurting their war efforts.

Largest gdp growth in 2024

1) US
2) China
3) Germany
4) Japan
5) India
6) UK
7) France
8) Italy
9) Canada
10) Brazil
11) Russia
12) S Korea

Everyone knows it’s easier to show percentage increased when your numbers are way smaller,

When Russia passes up Brazil and gets into the top ten let us know.

Lol that globohomo cuck Merz is called "conservative" as he ignores the 50% of German voters who want no more swarthy third word Africans.

Merz says "sorry I'm partnering with the far left and you will have hundreds of thousands of additional third world Africans".

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You're such a Russian simp. Just move there already

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LOL at you calling someone else a simp

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Gazprom's financial woes stem largely from the EU's decision to reduce reliance on Russian energy following the full-scale invasion of Ukraine.

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It's not like Trump didn't warn Europe about Russian energy.

Just like Obama was a great gun salesman, Dozin Donnie is a great advocate for the European MIC

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Trump-Putin call ends - after chat lasting at least 90 minutes
A White House official has told our partner network NBC News the call between presidents Trump and Putin is now over.

The call lasted around an hour-and-a-half, the official said, although we haven't been given a specific end time.

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World a 'safer place' under Putin and Trump, Russian envoy says
We're getting some words through from Vladimir Putin's envoy Kirill Dmitriev.

He says that, under the leadership of his boss and US President Donald Trump, the world has become a much safer place today.

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LINK

According to Grok:

Below are two tables based on the most reliable and up-to-date economic data available as of March 18, 2025. Since exact 2024 GDP growth figures in dollars and percentages, as well as PPP growth, may not be fully finalized for all countries, I’ve used projections and estimates from sources like the International Monetary Fund (IMF) World Economic Outlook (October 2024 edition) and other economic analyses. Note that GDP growth in dollars requires combining nominal GDP estimates with growth rates, and PPP growth reflects real GDP growth adjusted for purchasing power parity. Exact dollar figures depend on exchange rates and final data, which may still be provisional.

Table 1: 2024 GDP Growth in Dollars and Percentage
Country 2024 Nominal GDP (Billions USD) | 2024 GDP Growth (%) | 2024 GDP Growth (Billions USD)
Canada 2,242 | 1.1% | 24.7
France 3,130 | 1.1% | 34.4
Germany 4,591 | 0.2% | 9.2
Italy 2,328 | 0.7% | 16.3
Japan 4,110 | 0.3% | 12.3
UK 3,495 | 1.1% | 38.4
US 28,781 | 2.8% | 805.9
Russia 2,056 | 3.9% | 80.2
China 18,533 | 4.8% | 889.6
Iran 464 | 2.8% | 13.0
Notes:

Nominal GDP values are based on IMF estimates for 2024 in current USD.
Growth percentages are real GDP growth rates (adjusted for inflation) from IMF projections.
Growth in dollars is calculated as: (Nominal GDP × Growth %). This is an approximation, as nominal GDP already includes inflation, while real growth rates do not; thus, these figures are indicative rather than precise final values.
Iran’s GDP data is less certain due to sanctions and limited official reporting; estimates are derived from available economic analyses.

Table 2: 2024 PPP Growth
Country 2024 GDP (PPP, Billions Int'l $) | 2024 PPP Growth (%) | 2024 PPP Growth (Billions Int'l $)
Canada: 2,472 | 1.1% | 27.2
France: 3,988 | 1.1% | 43.9
Germany: 5,686 | 0.2% | 11.4
Italy: 3,347 | 0.7% | 23.4
Japan: 5,872 | 0.3% | 17.6
UK: 4,029 | 1.1% | 44.3
US: 28,781 | 2.8% | 805.9
Russia: 5,473 | 3.9% | 213.4
China: 35,291 | 4.8% | 1,694.0
Iran: 1,725 | 2.8% | 48.3
Notes:

GDP (PPP) values are in billions of international dollars, sourced from IMF estimates for 2024.
PPP growth percentages are the same as real GDP growth rates, as PPP reflects real economic output adjusted for purchasing power.
PPP growth in international dollars is calculated as: (GDP PPP × Growth %).
China’s significant PPP growth reflects its large economy and higher growth rate, while G7 countries generally show slower growth due to mature economies.

Observations:
* The United States and China dominate in both nominal and PPP terms, with China leading in PPP growth due to its higher growth rate and larger PPP-adjusted economy.
* Russia shows robust growth (3.9%) despite sanctions, reflecting resilience in energy exports and domestic adjustments.
* Germany and Japan exhibit sluggish growth (0.2% and 0.3%), impacted by industrial slowdowns and demographic challenges.
* Iran maintains moderate growth, though its smaller economy limits absolute gains.