While Russian oil giant Rosneft and LNG giant Novatek are holding down the fort for shareholders, Gazprom is feeling the bite of Western sanctions, based on its full-year profit reporting this week. Gazprom has posted a huge drop in its FY 2022 profits as sanctions from Russia’s Western customers take a toll. The company’s profits for the year clocked in at 1.226 trillion rubles ($15.4 billion), 41% lower than in 2021 with the company citing a windfall tax imposed by Moscow last year as the reason for the decline. The…
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