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    Home > Finance > Finances of Russia's Gazprom are stable, CEO says
    Finance

    Finances of Russia's Gazprom are stable, CEO says

    Published by Global Banking & Finance Review®

    Posted on October 17, 2025

    1 min read

    Last updated: January 21, 2026

    Finances of Russia's Gazprom are stable, CEO says - Finance news and analysis from Global Banking & Finance Review
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    Tags:financial crisiscorporate profitseconomic growthoil and gasfinancial management

    Quick Summary

    Gazprom's finances are stable despite a $7 billion loss in 2023, says CEO Alexei Miller, with a decline in European gas imports.

    Table of Contents

    • Overview of Gazprom's Financial Situation
    • Recent Financial Losses
    • Impact on European Gas Imports
    • Trends in Oil Imports from Russia

    Gazprom's Financial Health Remains Steady, Says CEO Alexei Miller

    Overview of Gazprom's Financial Situation

    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.

    Recent Financial Losses

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

    Impact on European Gas Imports

    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.

    Trends in Oil Imports from Russia

    (Reporting by Vladimir SoldatkinEditing by Andrew Osborn)

    Key Takeaways

    • •Gazprom's financial situation is stable according to CEO Alexei Miller.
    • •The company faced a $7 billion loss in 2023, its first since 1999.
    • •Russian gas imports to Europe have significantly decreased.
    • •European oil imports from Russia have also dropped sharply.
    • •Gazprom remains Russia's largest natural gas producer.

    Frequently Asked Questions about Finances of Russia's Gazprom are stable, CEO says

    1What is Gazprom?

    Gazprom is a state-owned energy company in Russia, known as the world's largest producer of natural gas and one of the largest companies globally by revenue.

    2What is a financial loss?

    A financial loss occurs when a company's expenses exceed its revenues, resulting in a negative profit. This can happen due to various factors, including decreased sales or increased costs.

    3What are European gas imports?

    European gas imports refer to the natural gas brought into Europe from other countries, including Russia, which has historically been a major supplier.

    4What is economic growth?

    Economic growth is the increase in the production of goods and services in an economy over a period, typically measured by the rise in gross domestic product (GDP).

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