Half of Russia’s oil and gas companies are operating at a loss: economist

The turning point for the Russian economy came as early as late 2024. It was then that half of Russia’s oil and gas companies began operating at a loss.

Economist Andrey Novak spoke about this in an interview with the YouTube channel "Komersant Ukrainian".

“The oil and gas industry is Russia’s leading and key sector, and if half of the companies in such an industry have already become unprofitable, this is precisely the turning point when the Russian economy shifted from positive to negative territory,” Novak explained.

Read us on Telegram: important topics – without censorship

The expert also noted that Russia is running out of time. He added that international sanctions packages currently play a secondary role.

According to Novak, the main instrument of pressure remains Ukraine’s daily strikes on Russia’s infrastructure and military-industrial complex.

“It will withstand about two more months of Ukrainian sanctions packages. Maybe that’s the best-case scenario, or perhaps it will be much sooner,” the economist said.

Watch us on YouTube: important topics – without censorship

Reading now

Putin expands army to 2.4 million: what’s behind the Kremlin’s decision and will it change the situation on the front lines?

Where is the safest place to fly to for a vacation right now: how global instability is changing tourist routes

“Criminal Procedure Code Reform” Under the NABU and SAPO: How the Rada Is Responding to Legislative Proposals by Klymenko and Kryvonos

A new stage of mobilization: what changes are being prepared by the Ministry of Defense and what conscripts should expect