Gazprom swings to £5bn loss in blow to Putin [Yahoo! Finance]
Banco Santander, S.A. Sponsored ADR (Spain) (SAN)
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Source: Yahoo! Finance
The energy giant's shares in Moscow were down around 3.3pc after revealing the downturn, which was far steeper than the 447 billion rouble (£3.9bn) losses predicted by analysts, according to Interfax news agency. It had made a profit of 1.2 trillion roubles (£10.4bn) in 2022. Largely owned by the Kremlin, Moscow-based Gazprom is Russia's largest oil and gas company. A number of the company's top executives have been sanctioned by the UK government since Russia's invasion of Ukraine, including chief executive Alexei Miller. Russia's gas exports to Europe, once its primary export market, have fallen sharply, making Gazprom the most tangible victim of Western sanctions against Putin's regime. The company said it sustained a net loss of 364bn roubles from sales in 2023, in contrast to a profit of 1.9 trillion roubles in 2022. Its total revenue fell to 8.5 trillion roubles last year from 11.7 trillion in 2022. Gazprom has not published its own export statistics since the sta
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SAN
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- 5/1/24 - Miss
SAN
Sec Filings
- 5/16/24 - Form CB/A
- 5/16/24 - Form 6-K
- 5/14/24 - Form 6-K
- SAN's page on the SEC website