Russian Energy Giant Gazprom's Profits Plunge Due to Tax Increase and Loss of European Customers

Gazprom’s profit for 2022 decreased by over 40% according to multiple news reports.
The company will not pay a full-year dividend this year.
The Russian government owns a majority stake in Gazprom and imposed a windfall tax last year to boost state coffers.
Gazprom has lost most of its European customers amid geopolitical tensions over Ukraine and is trying to increase business with China and other markets.
Gazprom’s gas exports were nearly halved last year compared to 2020 according to one analysis.