Gazprom shares drop to nearly US$1 amid rouble depreciation
www.pravda.com.ua
Wed, 27 Nov 2024 12:56:26 +0200
The weakening rouble has nearly driven the value of Gazprom shares down to US1 per share.
Source Investing.com Details In rouble terms, the shares of Russias gas giant are approaching historic lows amid a general decline in the Russian market, as trading data indicates.
At its peak, a single Gazprom share was worth US8.5, eight times higher than its current value.
Background Russian gas monopoly Gazprom is planning for 2025 with the assumption that gas transit to Europe via Ukraine will cease after 31 December 2024.
As of 27 November, the exchange rate of the RUB to the USD stands at approximately RUB 109.
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