Gazprom’s forex reserves down by over 98% on year – Ukraine officials
Foreign exchange reserves of Russia’s energy giant Gazprom HQ plunged in 2024 by a staggering 98.5% against the previous year. This was reported on Telegram by the Center for Countering Disinformation under the National Security and Defense Council of Ukraine, Ukrinform reports. “In 2024, foreign exchange reserves of the PJSC Gazprom HQ, the monopoly supplier of pipeline gas from Russia for export, decreased from $862 million to $13.5 million — that is, by 98.5%. Over the year, the company's total ‘cash cushion’ has also shrunk by approximately $650 million. And these are only the statistics of Gazprom Group’s mother company…