Wednesday, April 29, 2015

Gazprom reported tart profit slump – FAZ – Frankfurter Allgemeine Zeitung



Moscow (dpa) – A month long debt dispute with Ukraine and the weaker demand in Europe have had to break the Russian energy giant Gazprom profit at


But the ruble weakness made the state-owned company to create. 2014 was the surplus under international accounting standards IFRS by 86 percent to 159 billion rubles (2.8 billion euros), as Gazprom announced.


numbers under Russian accounting standards, the company had already announced the end of March. Accordingly, the profit broke a little less.


The demand in the West for Russian gas has fallen in the past year mainly because of the mild temperatures. In addition, Russia had Ukraine for months delivered no gas because of unpaid bills. Sales rose to 5.59 trillion rubles last year. This was due mainly the depreciation of the ruble. 2013, the company had implemented 5.25 trillion rubles.


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Gazprom listed bitter drop in profits


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