There's nothing 'disingenuous' about calling it a 'loss'. It clearly states they posted a 7 bill NET loss. Not projected, not relative to the past... net. loss. They paid $7 bill to stay in business this year and are cancelling dividends. Their sales of gas reduce by more than 50% in 1 year. They aren't 'welcoming' anything. They are praying doing business in Asian markets will be enough to bring them back to profitability and the latter half of the article makes it clear this is very unlikely for a few years at least.
This is imo the best news I've read all year in that it shows strong evidence the sanctions are working. I just hope they hurt enough that Russia retreats from Ukraine, and gives up their plan of continental conquest for good, but I'm not holding my breath.
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Russia: Loss of state-owned energy giant Gazprom, the first in decades, shows the Kremlin's struggle to fill EU gas sales gap with China ( www.reuters.com ) Englisch
- Gazprom posted a loss of $7 bln in 2023, first since end-1990s...