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Russia bleeds revenues as Gazprom, Alrosa reveal bad news
  • • On January 3rd, the European Union initiated sanctions against Alrosa, Russia’s biggest diamond company.
  • Meanwhile Gazprom, Russia’s biggest company, also announced bad new less than a week before.
  • Together, the two pieces of news suggest that it hasn’t been a profitable start to 2024 for Russia so far.
January 4, 2024

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