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Finance

Finances of Russia's Gazprom are stable, CEO says

Published by Global Banking and Finance Review

Posted on October 17, 2025

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MOSCOW (Reuters) -The financial situation at Russia's largest natural gas producer Gazprom is stable, Chief Executive Officer Alexei Miller told Russian state TV on Friday.

Gazprom incurred a loss of around $7 billion in 2023, its first since 1999, following a plunge in sales to Europe.

Russian gas now accounts for just 18% of European imports, down from 45% in 2021, while the region's oil imports from Russia have fallen to 3% from around 30% over that time.

(Reporting by Vladimir SoldatkinEditing by Andrew Osborn)