Big changes are happening at Gazprom, Russia's giant gas company! Because of the war in Ukraine, many countries stopped buying Russian gas. This caused Gazprom to lose lots of money and have to make some tough choices.
Gazprom's big fancy office in St. Petersburg, which used to show off their success, now shows how much they've struggled. They're even thinking of selling it!
The company is cutting jobs and selling some of its fancy buildings to save money. This is impacting many employees and their families.
- Gazprom is cutting about 1500 jobs at its headquarters.
- They are also selling off luxury buildings and properties.
- Gazprom lost billions of dollars because Europe stopped buying its gas.
- Gazprom is trying to sell gas to China, but it's taking a long time and might not make as much money.
| Fact | Number |
|---|---|
| Gazprom's job cuts at headquarters | ~1500 |
| Gazprom's 2023 net loss | $7 billion |
| Gazprom's current market value | ~$46 billion (down from $330.9 billion in 2007) |
| Gazprom's share of EU gas market (before sanctions) | >35% |
| Gazprom's share of EU gas market (now) | 7% |
