Gazprom's board is proposing that about 1,600 managers and administrators be cut from its headquarters at St. Petersburg, citing recent challenges.

"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

The move comes as the company has effectively lost its European export market, with the only remaining gas route to Europe now running through Turkey. Read also: Gazprom eyes massive 40% central staff cut,

The Russian Defense Ministry said that Ukraine launched six ATACMS missiles overnight at the Bryansk region, but that all of them were downed by air defenses. The ministry also said that 146 Ukrainian drones had been shot down outside the conflict zone over the last day.

Russia said on Monday it had downed nine Ukrainian drones that tried to attack part of the infrastructure of the TurkStream gas pipeline, through which Russian gas flows to Turkey and Europe, and called the attack an "act of energy terrorism".

Flows of gas via the Turkstream pipeline unaffected after air defences downed the drones, defence ministry in Moscow says

Gazprom chief executive Alexei Miller was notified ... economic challenges following Russia’s full-scale invasion of Ukraine, which has ravaged its finances. The energy group suffered its ...

US President Joe Biden has stated that Kremlin's leader Vladimir Putin is in a "tough shape" following the imposition of extensive sanctions against Russian oil. Source: French news agency AFP, citing Biden's statement,

The historic first marks a milestone in Washington’s bid to replace Russia as Europe’s top source of natural gas.

The decades-old deal, which allowed the transit of Natural gas produced by Russian energy giant gazprom through Ukraine, ended at midnight on December 31, shutting down Russia's last major gas ...

The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest sanctions to date meant to cut off funding for Moscow’s war against Ukraine.

Gazprom's board is proposing that about 1,600 managers and administrators be cut from its headquarters at St. Petersburg, citing recent challenges. Ukraine said it retrieved a diary from a North ...