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Finance

Finances of Russia's Gazprom are stable, CEO says

Published by Global Banking & Finance Review

Posted on October 17, 2025

1 min read

· Last updated: January 21, 2026

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Finances of Russia's Gazprom are stable, CEO says

financial crisis corporate profits economic growth oil and gas financial management

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MOSCOW (Reuters) -The financial situation at Russia's largest natural gas producer Gazprom is stable, Chief Executive Officer Alexei Miller told Russian state TV on Friday. Gazprom incurred a loss of

Gazprom's Financial Health Remains Steady, Says CEO Alexei Miller

Overview of Gazprom's Financial Situation

MOSCOW (Reuters) -The financial situation at Russia's largest natural gas producer Gazprom is stable, Chief Executive Officer Alexei Miller told Russian state TV on Friday.

Recent Financial Losses

Gazprom incurred a loss of around $7 billion in 2023, its first since 1999, following a plunge in sales to Europe.

Impact on European Gas Imports

Russian gas now accounts for just 18% of European imports, down from 45% in 2021, while the region's oil imports from Russia have fallen to 3% from around 30% over that time.

Trends in Oil Imports from Russia

(Reporting by Vladimir SoldatkinEditing by Andrew Osborn)

Key Takeaways

Gazprom's financial situation is stable according to CEO Alexei Miller.
The company faced a $7 billion loss in 2023, its first since 1999.
Russian gas imports to Europe have significantly decreased.
European oil imports from Russia have also dropped sharply.
Gazprom remains Russia's largest natural gas producer.

Frequently Asked Questions

What is Gazprom?

Gazprom is a state-owned energy company in Russia, known as the world's largest producer of natural gas and one of the largest companies globally by revenue.

What is a financial loss?

A financial loss occurs when a company's expenses exceed its revenues, resulting in a negative profit. This can happen due to various factors, including decreased sales or increased costs.

What are European gas imports?

European gas imports refer to the natural gas brought into Europe from other countries, including Russia, which has historically been a major supplier.

What is economic growth?

Economic growth is the increase in the production of goods and services in an economy over a period, typically measured by the rise in gross domestic product (GDP).

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Finances of Russia's Gazprom are stable, CEO says

Gazprom's Financial Health Remains Steady, Says CEO Alexei Miller