Gazprom will have a hard time: the recession in Europe will hit the company's profits hard

Decreasing demand for gas and falling gas prices mean a sharp drop in Gazprom's profits. Europe has been the company's main market.

In 2021, Europe accounted for 76% of its gas exports. We probably won't see high dividends in the coming years. There are several reasons for this: higher capital costs, lower exports to Europe, and a higher tax burden.