The shares of the Russian energy company Gazprom, due to growing geopolitical uncertainty, fell by more than 2 percent, decreasing to the lowest level from January 2009.
The cost of Gazprom shares, which significantly lost its share in the European natural gas market due to sanctions, due to the approaching end of the agreement on the transportation of Russian natural gas through Ukraine, also loses in capitalization.
The price of Gazprom’s shares, which, as of 17.30 on December 17, fell 2.4 percent in Turkish time, dropped to the lowest level from January 2009 – to the mark of 106.1 rubles.
The Moscow Stock Exchange (MOEX) also fell by 1.78 percent to 2,377 points, and the RTS dollar index – by 1.86 percent to 727 points.
Russia before the war in Ukraine was the largest supplier of natural gas to the European Union (EU). The Russian Federation increased its share in the EU market to 40 percent by 2022 thanks to investment in the construction of pipelines, designed for almost 50 years.
Moscow, due to sanctions, lost its main customers to suppliers of liquefied natural gas (LNG) of the USA, Qatar and Norway.
Last year, the Russian Federation put in the EU about 15 billion cubic meters of gas, while in 2021 this volume amounted to 201.7 billion cubic meters.