GAZPROM,ONCE STRONG TOOL OF RUSSIA;STUMBLES TOWARD MORE MODEST FUTURE.

Russia’s gas giant Gazprom was once so enormous it was called the country’s “second budget,” with huge revenue and outsize domestic and foreign influence. It handily weathered challenges such as the 2008 financial crisis, the 2014 ruble devaluation and even the coronavirus pandemic.

But as Russia’s economy creaks under the pressure of sanctions and the cost of its nearly three-year-long war in Ukraine, the corporation has emerged as one of the biggest casualties of the war, recent years.




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