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Gazprom’s net profit doubles on soaring European sales

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Exports to EU countries reached record highs despite calls by the European Commission to diversify away from Russian energy imports

A neon sign displays Gazprom's logo at a petrol station in Belgrade, Serbia. Picture: BLOOMBERG / OLIVER BUNIC

Gazprom is a lynchpin of Russia’s commodity-dependent economy with its sales accounting for over 5% of country’s $1.6-trillion annual GDP.

 

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