Gazprom is facing financial losses and is appealing to authorities for household gas price increases, as well as a rise in transportation tariffs for independent Russian suppliers. "The company was sacrificed on the altar of Putin's imperial ambitions,

Russian gas giant Gazprom , squeezed by plunging sales abroad as the Ukraine conflict prompts European buyers to turn away, is seeking to raise regulated prices at home to fund investment, Interfax news agency reported on Thursday.

Gas prices in Russia do not meet Gazprom’s needs for implementing investment projects, stated Aleksei Sakharov, head of Gazprom’s strategic division, during a meeting of the Expert Council under the State Duma,

Russian President Vladimir Putin is starting 2025 with a bang. In a nod to U.S. President Donald Trump’s desire for a settlement in Ukraine, the Kremlin has announced its readiness for negotiations “without preconditions.

Russia has long used its plentiful energy resources as a tool to exert control over the region, where independence from Russian energy is tied to political sovereignty.

Russia and Iran have agreed on a gas pipeline route to the Islamic republic through Azerbaijan, negotiations are in the final stage of agreeing on the price of supplies, Russian Energy Minister Sergey Tsivilyov told reporters.

Gazprom's proposals align with the key objectives set out in Russia's Energy Security Doctrine, which according to the law on strategic planning in the Russian Federation must be taken into account when drafting strategic planning documents, including the ES-2050 project, Sakharov said.

The no-confidence vote, if it succeeds, will trigger a snap election. According to a recent January poll, the liberal opposition Progressive Slovakia is the most popular party in the country on 23.9 percent support, with Fico’s ruling Smer in second on 18 percent.

Gazprom recalls that Russian natural gas supplies began to consumers in Uzbekistan via Kazakhstan in October 2023. Supplies are organized in reverse mode along a specially designated route along the Central Asia-Center main gas pipeline system.

Interfax reported that Gazprom, the Russian gas giant, was trying to increase prices in order to fund investments. The

Russian refineries are processing more crude oil in the hope of boosting fuel exports after new U.S. sanctions on Russian tankers and traders made exports of unprocessed crude more difficult, two industry sources said and data showed.

Hungary has stopped delaying the renewal of European sanctions on Moscow, which may have detrimental consequences on its relationship with Russia.