Gazprom began sale: why Russian monster is experiencing record losses

For those who think that sanctions against Russia do not work, expert Oleg Popenko recommends to look at the results of the activity of Gazprom fuel monster last year. The company suffered record losses and even began to sell real estate. Gazprom began to degenerate property after a record in history. Having received the first in 25 years and a record for the whole history of loss, Gazprom begins the sale of property. And you say sanctions do not work.

On Wednesday, the company announced the search for buyers for large real estate objects in Moscow and Moscow. Among them are office buildings on Builders Street, Sanatorium and Space Complex Hotel & Spa in Pervomaiskoe settlement, Rogozino village, non-residential premises of the first floor in the house on Novocheremyshkin Street, as well as parking for 96 seats near the head office of the company in Moscow.

The decision was made "taking into account the completion of the transfer of Gazprom group companies to St. Petersburg", the press service of the company explained. Last year, Gazprom received 629 billion rubles of net loss on IFRS, reported about the fall of revenue by 27%, and the EBITDA indicator twice. The gas business company operating the largest reserves on the planet became unprofitable (by 1. 2 trillion rubles per year), and Gazprom's debt reached a record 6.