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Gazprom considers record job cuts as Ukraine war ravages finances

  • Gazprom is considering large-scale job cuts as it faces dwindling revenues due to sanctions after President Vladimir Putin's invasion of Ukraine.
  • The company may reduce staff from 4,100 to 2,500, according to Elena Ilyukhina's proposal to CEO Alexey Miller.
  • In 2023, Gazprom reported a loss of 629 billion rubles, marking its first loss in 25 years.
  • The latest U.S. Sanctions are expected to further pressure Russia's energy sector, making it harder to sell natural gas.
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RTVI broke the news in Moscow, Russian Federation on Monday, January 13, 2025.
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