The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
Skip to content
A view shows the Russian oil producer Gazprom Neft's Moscow oil refinery on the south-eastern outskirts of Moscow, Russia on April 28, 2022. (Natalia Kolesnikova/AFP/Getty Images)
This audio is created with AI assistance

Shares of Russian gas giant Gazprom fell to their lowest level since January 2009, The Moscow Times reported on Dec. 17.

The shares dropped to 106.1 rubles ($1.01) on Tuesday, marking a 2.4% drop from Monday and a 33.5% decline since the start of 2024.

The fall began after the European Commission announced its readiness to halt Russian gas transit without significant price impacts, confirming the availability of alternative supply sources.

Gazprom's profits have suffered due to a steep decline in European exports, which have dropped over 80% compared to 2021.

Additionally, Austrian oil and gas company “OMV” recently ended its long-term gas supply contract with Gazprom.

Moscow has also heavily taxed Gazprom's revenues over the last two years and the company paid $28 billion to the government in 2023, accounting for 9% of the government's revenue last year.

Oleg Abelev, head of the analytical department at Rikom-Trust investment company, predicted that Gazprom's shares will likely hover between 100-115 rubles ($.96-$1.10) per share in the near future.

Sinking of two Russian oil tankers may cause ‘significant environmental impacts,’ Greenpeace warns
The two tankers, which reportedly sank on Dec. 15 due to severe weather conditions, were carrying approximately 4,000 tons of fuel oil on board each.

News Feed

5:14 PM

Lithuanian FM on Europe's role in ending Russia's war.

The Kyiv Independent’s Francis Farrell sat down with Lithuanian Foreign Minister Kestutis Budrys during his visit to Kyiv on April 1 to discuss the future of Europe during U.S. President Donald Trump's administration, whether European sanctions remain an effective instrument to stop Russia’s war against Ukraine, and Lithuania's contribution to the "coalition of the willing."
2:30 PM

Russian Railways hit by major cyberattack.

The state-owned Russian railway operator described the incident as a "massive DDoS (distributed denial-of-service) attack," saying that efforts to restore operations are underway.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.