Gazprom is considering cutting about 40% of its headquarters staff - more than 1,500 job cuts - as the Russian gas giant grapples with the loss of most of its sales to Europe, state news agency TASS reported on Monday.

Aleksandar Vučić said he does not plan to impose sanctions on Russia or its allies while in office. Read also: Putin claims Ukraine obstructs peace negotiations “I will not impose sanctions against Russia or other friends,

Gazprom provided about 7 percent of Russia's federal budget in 2021, the year before Putin's full-scale invasion. By 2023, it was estimated to provide about half of that as sanctions, reduced production and historic losses hit the sector. Large-scale layoffs could add to the pressure on Russia's key revenue generator for the war.

Gazprom's press service did not respond to a request for comment sent outside regular business hours by Business Insider. Russia had for years been a major supplier of natural gas to the European ...

Russia has long used its plentiful energy resources as a tool to exert control over the region, where independence from Russian energy is tied to political sovereignty.

In the days before former President Joe Biden left office, the U.S. announced two new rounds of sanctions against Russia, including expansive

Russia's Gazprom is considering cutting hundreds of administrative jobs, a company spokesman confirmed to AFP on Monday, as the gas producer reels amid the loss of key exports to Europe.

Gazprom recalls that Russian natural gas supplies began to consumers in Uzbekistan via Kazakhstan in October 2023. Supplies are organized in reverse mode along a specially designated route along the Central Asia-Center main gas pipeline system.

Tennis Australia says it has advised its players against competing in Russia following reports that Davis Cup team member Thanasi Kokkinakis featured in an exhibition in St.

Tennis Australia made it clear that they respect their government's recommendations and therefore advised its players against taking part in any tournaments taking place on Russian soil. After it was reported that Thanasi Kokkinakis apparently participated in an exhibition event staged in St. Petersburg, that raised some eyebrows in Australia.

Russian gas stopped flowing to Europe via Ukraine at the start of the year over Russia's invasion of Ukraine. Read more at straitstimes.com.