Last year, the West imposed a series of sanctions on Russia and its state enterprises following the war in Ukraine.
No direct sanctions were imposed on Gazprom’s natural gas exports, a major source of company revenue, but export volumes almost halved last year to 101 billion cubic meters.
The company’s shares fell 4% after the company said its board had decided not to pay cash dividends for all of 2022 after allocating 1.2 trillion rubles ($15 billion). dollars) in semi-annual dividends.
The company’s executive vice-president, Vamil Sadygov, said that the half-yearly dividends already exceeded the target level of 50% of net profits, so it was decided to settle for these dividends.
He added that earnings before interest, taxes, depreciation and amortization last year stood at 3.6 trillion rubles ($44.9 billion), the same level as in 2021.
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