Russian energy giant Gazprom is reported to have been hit particularly hard by sanctions imposed as a result of the war with Ukraine. An internal report – obtained and published by the Financial Times – has forecast that the company is unlikely to recover gas sales lost as a result of Russia’s invasion of Ukraine for at least a decade.
But Gazprom chairman Alexey Miller is apparently pressing ahead with his plan to build an 82-metre triumphal column in front of his company’s landmark St Petersburg Lachta Centre skyscraper. The column will celebrate the defeat of Sweden in the great northern war, after which Russia declared itself to be an empire for the first time.
