Russia’s War in Ukraine Has Hit Gazprom’s Revenues Hard

Putin’s invasion of Ukraine has badly hurt the gas sales and market share of Russian giant Gazprom, which may not recover lost sales volumes and revenues for more than a decade, or ever, according to a third-party report commissioned by Gazprom’s executives and reported by the Financial Times on Wednesday.

    Gazprom’s lost sales volumes may never recover, while export routes to China will not be able to offset the lost European market, the report written in late 2023 says. “The main consequences…