While Russian oil giant Rosneft and LNG giant Novatek are holding down the fort for shareholders, Gazprom is feeling the bite of Western sanctions, based on its full-year profit reporting this week. Gazprom has posted a huge drop in its FY 2022 profits as sanctions from Russia’s Western customers take a toll. The company’s profits for the year clocked in at 1.226 trillion rubles ($15.4 billion), 41% lower than in 2021 with the company citing a windfall tax imposed by Moscow last year as the reason for the decline. The state controlled company has decided not to pay dividends for the entire year 2022, having ... (full story)