Russia’s gas exports to Europe have continued to hit their lowest levels in over 50 years. From January to October this year, Gazprom supplied European customers with 14.7 billion cubic meters of gas, according to Reuters estimates based on data from the TurkStream pipeline.
Compared to the same period in 2024 (26.6 billion cubic meters), exports to Europe have plunged by another 45% following the termination of the gas transit contract through Ukraine.
At the current pace, Russia’s gas exports to the EU are projected to reach around 18 billion cubic meters for the year — the lowest level since the early 1970s, when Soviet leader Leonid Brezhnev signed the first gas supply deal with Austria.
In 1975, Europe received 19.3 bcm of Russian gas; by 1980 — 54.8 bcm; and by the early 1990s — around 110 bcm.
The record was set in 2018–2019, when Gazprom exported 170–180 bcm of gas to European countries — about 80% of all its overseas sales.
Since then, volumes have fallen tenfold, making Gazprom’s gas business unprofitable.
Last year, gas production and sales resulted in a net loss of 1.076 trillion rubles for Gazprom — equivalent to 20.6 billion rubles per week, 2.94 billion rubles per day, or 122 million rubles per hour.
According to analysts from the Russian Academy of Sciences’ Institute for Energy Research, Gazprom could theoretically export up to 500 bcm of gas annually.
However, last year it managed to export only 81 bcm, and this year — even with the Power of Siberia pipeline operating at full capacity — exports are expected to fall further, to 78 bcm, according to BCS forecasts.
German automaker Volkswagen reported a net loss of €1.07 billion for the third quarter of this year, marking the company’s first quarterly loss in five years, DW reported. For the first nine months of 2025, VW Group’s net profit dropped by more than 60%, falling to €3.4 billion from €8.8 billion in the same period […]
From January to August, Ukraine imported 258,300 passenger cars (both used and new) — 20% more than during the same period in 2024, according to Ukravtoprom, citing data from the State Statistics Service. The total customs value of these vehicles amounted to $3.7 billion, a 25% increase year-over-year. Germany remained the largest supplier, accounting for […]
OPEC+ member countries plan to approve an increase in oil production in December, according to Bloomberg. The meeting of representatives from participating nations is scheduled to take place online on November 2. It is expected that the group will ratify the restoration of approximately 137,000 barrels of oil per day. This increase will maintain the […]
The Antimonopoly Committee of Ukraine (AMCU) has found that three companies — Lirans LLC, Trading House Morshynski Dzherela, and Shayanski Dzherela — violated legislation on protection against unfair competition. The companies have been fined, the agency reported. According to the AMCU, the companies distributed misleading information about their bottled water brands — Aqua Baby, Aqua […]
The consortium of state-owned Oschadbank and Ukreximbank, which acquired ownership of the Gulliver shopping and office complex in Kyiv on July 26, has decided to temporarily close the complex starting from 10:00 p.m. on October 30. “The purpose of this step is to ensure the safety of visitors and tenants, as well as to guarantee […]
The U.S. subsidiary of the Rheinmetall Group has received a $31 million contract to implement a project for the rapid repair of Bradley infantry fighting vehicles (IFVs) for both the U.S. and Ukrainian armies, according to a statement on the company’s website. The contract, signed through the U.S. National Center for Manufacturing Sciences (NCMS), will […]
Porsche is going through one of its toughest periods in recent years — the company’s profit plummeted by 99%, while the brand prepares to end production of three internal combustion engine models, including the popular Macan crossover, Carscoops reports. The current gasoline-powered Macan will remain in production until mid-2026 and will continue to be sold […]
Shares of Twitter, which rose 28.5% since the beginning of 2021 and 88.3% over the past 12 months, rose sharply by 5% after the publication of quarterly results above analysts’ forecasts. Twitter reported sharp revenue growth of 74% to $ 1.19 billion from a forecast of $ 1.06 billion. The company’s revenue growth in the […]
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Radisson Hotel Group has plans to more than double its serviced apartments portfolio within the next 5 years across EMEA. Today, serviced apartments represent around 10% of the Group’s EMEA portfolio with 45 properties and more than 5,400 units in operation and under development. Radisson Hotel Group operates its serviced apartments as a stand-alone or […]
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2017 was marked by many interesting and significant events for Switzerland. They relate to science, culture, and the social life of the country, and have become important and notable for both Switzerland and for Ukraine. 1. We celebrate the 25th anniversary of the establishment of Ukraine-Switzerland diplomatic relations in 2017. Both sides undoubtedly appreciate well-established […]
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According to the company’s reports, the net loss of the British oil and gas giant BP Plc., which belongs to shareholders, for the nine months of 2020 amounted to $ 21.663 billion against profit a year ago. In terms of shares, the diluted loss of BP amounted to $ 1.07 against a profit of $ […]
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Hundreds of thousands of workers could lose their jobs in the aviation sector if states do not provide the additional assistance. “In the absence of additional government measures to provide assistance and open borders, hundreds of thousands of airline jobs will disappear, ” – said the executive director of the International Air Transport Association (IATA) […]
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The stevedoring company “Brooklyn-Kiev” is going to invest $ 200 million in the construction of a grain terminal in the port of Ilyichivsk. This is stated in the message of the seaport. “Brooklyn-Kyiv” emphasizes that the company comes into the port of Illichivsk not only with the investments, but also with its know-how in the […]
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According to financial club, Oschasbank agreed with the credit debt of JSC Avangard-Agro (AG) restructuration. The owner of AG is Oleh Bahmatiuk. It was published in the holding quarterly status report in London exchange. According to documents, the amount of debt will be converted in Ukrainian gryvnia by the rate of 25,65 UAH per 1 […]
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In 2017, stops its work another bank in Ukraine. This is the PJSC Bank Trust . The decision on liquidation of the financial institution was taken on December 29th at the meeting of the National Bank of Ukraine. Information about this was also posted on the official resource of Guarantee Fund deposits of natural persons. […]
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Facebook reported that the data of 530 million users of the social network were made public after receiving data from the platform through the function of importing contacts, and not as a result of a hacker attack. This is stated in the Facebook report on the incident. It is noted that the attackers stole data […]
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National Bank of Ukraine (NBU) classified Avant-Bank (Kyiv) as insolvent. The decision approved by the Decree №44 of January 29, 2016, presses the service of the National Bank. NBU explained the decision as the shareholders of the bank have no “clear plans for the replenishment of the bank’s liquidity and default of customers’ operations within […]
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Ukraine has acceded to the Protocol about record of revisions to European agreement for international highway carriage of dangerous materials. It is reported by UKRINFORM. 234 national deputies supported the adoption of the bill. As noted during the presentation of the document in Verkhovna Rada Anastasiia Deeva (Deputy Minister of Internal Affairs), Ukraine acceded to the […]
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The US company, which produces seeds, has signed a licensing agreement with a major seed company about production and sale of sunflower seeds in Ukraine, Russia, Belarus, Georgia and Kazakhstan. The press service of the company officially announced about this. The americans want to make only two varieties of sunflower seeds in Ukraine. Although, […]
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World oil prices of reference brands continue to rise on the news of the victory of the Democratic candidate Joe Biden in the US presidential election and information on the success of tests of the vaccine from COVID-19 of the American company Pfizer Inc. and German BioNTech. This is evidenced by trading data on Wednesday, […]
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The Federation of Italian Newspaper Publishers (FIEG) has filed an official complaint with the national communications regulator Agcom, calling for an investigation into Google’s AI Overviews feature in its search engine, The Guardian reports. According to the publishers, Google’s artificial intelligence — which generates short, self-contained summaries of answers without directing users to original sources […]
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Meta will spend hundreds of billions of dollars on building huge data centres with artificial intelligence in the United States. This was announced by the company’s founder, Mark Zuckerberg, according to the BBC. According to Zuckerberg, Meta is ‘investing hundreds of billions of dollars … in creating “superintelligence,”’ and that these data centres have been […]
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American carmaker Ford is recalling more than 661,000 Ford Explorer crossovers in North America due to problems with disconnecting the roof rails. Reuters reported this the day before. The US National Highway Traffic Safety Administration requested a recall. If necessary, the dealer will install special pins and replace the damage. Since the beginning of 2020, […]
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