Russian authorities are preparing tax incentives for the energy giant “Gazprom”, which is in decline after losing the European market and recording losses in its main activity — the natural gas sector — for the second year in a row.
According to Interfax agency, starting from November 2026, “Gazprom” will benefit from a tax deduction on the mineral extraction tax (NDPI) for gas, totaling 64 billion rubles (approx. 630 million euros). The information comes from amendments to the Tax Code, developed by the Ministry of Finance of the Russian Federation.
Tax exemptions are provided for “Gazprom” subsidiaries that extract gas in the Yamal region. The monthly deduction will be:
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2.44 billion rubles (24 million €) from November 2026,
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3.5 billion rubles (34 million €) from August 2027,
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5.5 billion rubles (54 million €) starting from August 2028.
After trying to “freeze” Europe through energy blackmail and losing key markets, “Gazprom” recorded net losses last year of 1.02 trillion rubles (approx. 10 billion euros) according to Russian accounting standards (RSBU). And this year, according to the same standards — which only reflect the natural gas segment (excluding activities in oil, LNG and electricity) — the company recorded additional losses of 170.3 billion rubles (1.67 billion €) in the period January-September.
Details, HERE