Gazprom Profits Soar on High Energy Prices

INSUBCONTINENT EXCLUSIVE:
Russian energy giant Gazprom on Thursday announced a soaring net profit for 2021, boosted by high energy prices."The main factor that
affected the financial result was an increase in gas and oil prices," the state-controlled group said in a statement."This resulted
of 2.1 trillion rubles ($29 billion).This was up from 135 billion rubles in 2020, when profits slumped due to the global pandemic and
falling energy prices.Global energy prices have soared since last year as economies emerged from Covid pandemic lockdowns
Prices have risen further in the wake of Russia's military operation in Ukraine.Gazprom on Wednesday announced the halt of gas supplies to
EU members Poland and Bulgaria for violating Russian President Vladimir Putin's order that payments for gas be made in rubles.Russia made