TagGazprom

Gazprom to pay Kremlin £8.6bn after record profits

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Russian state-backed energy firm Gazprom is poised to hand a bumper £8.6bn payout to the Kremlin after notching up record profits. The company reported a net profit of 2.5tn roubles (£35.8bn) for the first six months of this year. Oil and gas prices soared during that period, pushed higher by concerns over supplies after Russia’s invasion of Ukraine. The Kremlin owns 49.3% of Gazprom and will...

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