Brendan Cole is a Newsweek journalist in London in the United Kingdom. Its objective is Russia and Ukraine, in specific the war introduced through Moscow. It also covers other geopolitical spaces, adding China. Brendan joined Newsweek in 2018 by International Business Times and, as well as in English, meets Russian and French. You can touch Brendan by sending an email to B. cole@newsweek. com or follow him in his account x @brendanmarkcole.
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources.
Russia’s natural gas giant Gazprom may slash staff numbers as it faces dwindling revenues amid sanctions imposed following President Vladimir Putin’s invasion of Ukraine.
Newsweek reached out to Gazprom for comment via email.
Gazprom supplies about 7% of Russia’s federal budget in 2021, the year leading up to Putin’s giant-scale invasion. By 2023, it estimated that it would supply part of the sanctions, reduced production and old losses reached the sector. Large-scale layoffs may rise to Russia’s main generator for war.
In December, Elena Ilyukhina, vice president of the Gazprom Control Committee, sent a proposal to the Alexey Miller CEO to decrease from 4,100 to 2,500 in the central business workplace and the San Petersburg branch, according to channel 47News Telegram.
On Monday, The Outlet published a symbol of the document, in which Ilyukhina described the demanding situations faced by Gazprom. In a “cost optimization call in all management degrees”, he said that companies want to double the purposes and bureaucracy.
Ilyukhina said that for more than 20 years, the number of members has a greater to create a payroll of 50 billion rubles ($485 million) and that “funds from reducing prices and benefits of hard work” will be redirected to expanding “motivation and development. “”Waiting for an audit until February 15.
Forbes reported that Sergey Kupriyanov, vice president of the Gazprom Control Committee, showed the authenticity of the letter but did not comment more.
In 2023, Gazprom suffered a loss of 629 billion rubles, its first loss in 25 years. He has also suffered a series of blows, adding cuts to its maximum lucrative market in Europe, which has sought suppliers of choice against Putin’s aggression in Ukraine.
In informing the imaginable works of Gazprom, 47News said it was the last setback for the company after the New Year’s Day of a Transit Agreement with Ukraine and the new sanctions of the US Treasury in the Russian power sector, which It was announced on January 10. These included blocking two giant Russian oil producers, Gazprom Neft and Surgutneftegas, and enforce sanctions on the so -called Russian shadow fleet.
Russia’s attempts to diversify exports of pipes to light herbal fuel projects (LNG) have also been affected. Two primary LNG export terminals, Gazprom Spg Portovaya Limited Liability Company and Cryofuel Vysotsk Limited Limited Company, have been attacked to new sanctions.
Elena Ilyukhina, vice president of the Gazprom Control Committee, said, according to 47News: “The demanding situations faced by the Gazprom organization require . . . Optimization in all degrees of control and production processes. “
Sergey Kupriyanov, deputy chairman of Gazprom’s Control Committee, told Forbes: “The document is relevant. We plan to comment. “
Leigh Hansson, a spouse of sanctions in the Global Execution Group of Reed Smith, told Newsweek: “In general, these sanctions constitute an integral effort to quell a source of profits for Russia, aimed at pressing the economically Russian government in reaction to reaction to reaction His continuous aggression in Ukraine.
The latest U.S. sanctions will likely add pressure to Russia’s energy sector, and the country may find it increasingly hard to sell its natural gas.
Much depends on the Power of Siberia 2, a 2,700-mile pipeline that the Kremlin hopes will pipe 50 billion cubic meters a year between the Yamal Peninsula in the Arctic and northwest China. But Beijing is trying to drive a hard bargain over the cost of the fuel, and a deal over its construction has yet to be reached.
Brendan Cole is a Newsweek Senior News Reporter based in London, UK. His focus is Russia and Ukraine, in particular the war started by Moscow. He also covers other areas of geopolitics including China. Brendan joined Newsweek in 2018 from the International Business Times and well as English, knows Russian and French. You can get in touch with Brendan by emailing [email protected] or follow on him on his X account @brendanmarkcole.
Brendan Cole is a Newsweek reporter in London, the United Kingdom. The objective is Russia and Ukraine, especially the war introduced through Moscow. It also covers other geopolitical spaces, adding China. Brendan joined Newsweek in 2018 from international commercial times and, as well as. English, meet Russian and French. You can touch Brendan by sending an email to B. cole@newsweek. com or continue with him in his x -brendarkcole account.