Monday, 29 May, 2023
E-paper

Russian state oil giant Rosneft profit falls after sanctions

Russian state oil giant Rosneft posted a sharp drop in its annual profit on Monday in the wake of Western sanctions against the country's energy sector.

The company posted a net profit of 813 billion roubles ($10.5 billion) for last year, down 7.9 percent from 2021, as it was "affected by non-monetary factors".