Gazprom Neft, one of the flagship entities of Russia’s oil industry, reported a staggering net loss of 21.3 billion rubles in the first quarter of 2025 under Russian Accounting Standards (RSBU), a dramatic reversal from the 36.9 billion ruble profit it posted during the same period in 2024. The figures, disclosed in the company’s latest financial report, signal a growing crisis in the Kremlin’s fossil fuel sector amid rising costs, waning revenues, and global isolation. Read more: https://kyivinsider.com/russias-oil-g…