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Russia’s Gas Revenue Is Same as Year Ago Despite Slump in Flows

  • Gazprom probably making EU100m a day from European sales: ICIS
  • Kremlin has repeatedly said sanctions hurt EU more than Russia
A natural gas plant in Tobolsk, Russia.

A natural gas plant in Tobolsk, Russia.

Photographer: Andrey Rudakov/Bloomberg

Russia is probably earning just as much from natural gas exports to Europe as a year ago, even as it slashes deliveries to the region to multiyear lows.

Moscow’s buoyant profits -- a result of soaring gas prices -- will be exasperating to the European Union, which has slapped heavy sanctions on Russia in an effort to starve the regime of funds fueling its war in Ukraine.