Sanctions Collapse Russian Gas Industry: Will Putin’s Empire Ever Recover?

#thegaze In 2023, Gazprom's revenues plummeted by nearly a third, marking the company's worst financial crisis in 25 years. Analysts warn that the Russian gas industry may not recover from these record losses, driven by the loss of the European market post-Ukraine invasion. With Europe diversifying its energy imports and China demanding steep discounts, Gazprom faces an uncertain future. Could expanding into products like ammonia and methanol save the company? Stay tuned to find out more about the Russian crisis as a result of western sanctions.