Russian state-run oil company Rosneft has reported a nearly 50% jump in net profits for 2023, hitting over $14 billion despite Western sanctions following Russia’s 2022 invasion of Ukraine. Rosneft’s 2023 net profit surged by 47.2% to 1.3 trillion rubles. Earnings before EBITDA jumped 17.8% to 3 trillion rubles, with revenues up 1.3%. Last week, attention was centered on Germany’s decision on the fate of a Rosneft refinery in the country. Berlin is considering nationalizing the refinery, which could risk supply cuts and end up costing Germany a major payout to Moscow.
Russia n state-run oil company Rosneft has reported a nearly 50% jump in net profit s for 2023, hitting over $14 billion despite Western sanctions following Russia ’s 2022 invasion of Ukraine . Rosneft ’s 2023 net profit surged by 47.2% to 1.3 trillion rubles. Earnings before EBITDA jumped 17.8% to 3 trillion rubles, with revenues up 1.3%. Last week, attention was centered on Germany ’s decision on the fate of a Rosneft refinery in the country.
Berlin is considering nationalizing the refinery, which could risk supply cuts and end up costing Germany a major payout to Moscow
Rosneft Profits Net Profit Western Sanctions Russia Ukraine EBITDA Revenues Germany Refinery Nationalization Supply Cuts Payout Moscow
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