Gazprom’s profit for 2022 fell by 41%

Gazprom net profit according to international financial reporting standards (IFRS) for 2022 decreased by 41 percent to 1.226 trillion rubles (about $ 15.3 billion).

The company said that the revenue of the group for 2022 increased to 11.673 trillion rubles after 10.2 trillion rubles in 2021. “This is one of the best indicators in the history of the company. At the same time, it is below the level of 2021. The influence on the amount of profit had increased tax payments that came in the second half of the reporting year,” the company noted.

Many European countries decided to stop or reduce the import of Russian gas after entering the Russian Armed Forces into Ukraine.