Gazprom in the hot seat as Russia’s energy leverage splinters with war shocks and sanctions; giant gas giant, state-backed, based in Saint Petersburg.
Over the past 24 hours, Ukraine has launched extensive drone attacks targeting Russian energy infrastructure and military sites, with Russia intercepting many of these strikes. Meanwhile, peace talks remain stalled amid ongoing military and geopolitical tensions, including increased security measures and international diplomatic efforts.
Oil and gas companies have benefited from the Iran conflict, with profits reaching hundreds of billions of dollars. Major firms like Saudi Aramco, ExxonMobil, Shell, and Russian companies are experiencing record windfalls as oil prices stay high. Governments face pressure to impose windfall taxes to ease public burdens.