While revenues did increase by 26%, this was not enough to offset Russia's staggering spending costs, exacerbated by the ...

Many Russian firms are now struggling to pay back loans and could face bankruptcy, including those in the energy and banking ...

Russia's energy giant Gazprom is considering cutting hundreds of administrative jobs, a company spokesperson said on Monday, as the gas producer ...

In the letter, dated 23 December 2024 and sent to Gazprom chief Alexei Miller, deputy chairperson Yelena Ilyukhina said the company should reduce the number of employees at its headquarters from ...

The Kremlin is facing a growing economic crisis, with interest rates surging to a record high of 21%. Officials have not ...

The Central Bank was forced to hike rates late last year, as inflation threatened to spiral out of control. Officials have ...

Russia’s Gazprom is considering cutting hundreds of administrative jobs, a company spokesman confirmed yesterday, as the gas ...

Gazprom’s Deputy Chairman of the Board Yelena Ilyukhina sent a letter to Gazprom CEO Alexey Miller proposing the layoffs. The letter highlights “the challenges facing the Gazprom Group” and the need ...

An icon in the shape of a lightning bolt. Impact Link Russian energy giant Gazprom is considering a 40% cut to its headquarters staff after posting its first loss in 24 years, according to a ...

In the proposal, Elena Ilyukhina, the board's deputy chairperson, wrote that wages for Gazprom managers had risen several times in the last two decades to about $486.5 million a year. "The ...