Finance
Finances of Russia's Gazprom are stable, CEO says
Published by Global Banking & Finance Review®
Posted on October 17, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 17, 2025
1 min readLast updated: January 21, 2026
Gazprom's finances are stable despite a $7 billion loss in 2023, says CEO Alexei Miller, with a decline in European gas imports.
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)
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.
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.
European gas imports refer to the natural gas brought into Europe from other countries, including Russia, which has historically been a major supplier.
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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