Gazprom is on the backside: Putin shares of the “nationwide treasure” fell 91% –

Shares of Russia’s largest vitality firm Gazprom fell 91% as a result of assault in opposition to Ukraine.

The insurance policies of the Russian dictator Vladimir Putin have stopped one of many world’s largest vitality firms, Gazprom. Its share worth has fallen 91% since 2021.

These are the info from the Moscow Alternate of Russia, experiences Dialogue.UA.

Over the previous 24 hours solely, Gazprom shares have misplaced 1.8% in worth, reaching 116.83 rubles ($1.31). Observe that in 2021, earlier than the beginning of a full-scale assault in opposition to Ukraine, the corporate’s share worth reached an all-time excessive of 349.99 ($15.65). The dictator of the Russian Federation, after beginning the conflict, was going over the way forward for this firm.

As we speak, Gazprom’s share worth has fallen to its lowest stage in additional than ten years.

Globally, the autumn in worth started after Gazprom misplaced key Western markets and an unsuccessful try and reorient itself to the East. The newest drop in worth was attributable to the corporate’s refusal to pay dividends to shareholders, in addition to Beijing’s reluctance to signal a brand new take care of the Russians.

As a consequence of its dire state of affairs, Gazprom is compelled to cut back manufacturing and shut wells. From 2021, a discount in manufacturing of round 30% has been recorded.

The previous 2023 was the worst yr for Gazprom in each method when it comes to survival. For the primary time for the reason that late 90s, the corporate ended the yr with a internet lack of 629 billion rubles.

Dialogue.UA beforehand reported that there was an assault on Ukraine and an try and “freeze” Europe. gave Gazprom is within the worst situation ever.

Additionally Gazprom after Putin’s disastrous journey to China roll down earlier than making washing machines.

Creator:
Tatiana Shevchenko