Russia's largest energy company,Gazprom sees profits plunge

The fall in the value of the rouble and a drop in oil prices are two of the factors which have led to a plunge in profits for Gazprom. Russia's largest energy company was hit with an 86 percent drop in its profits. The company reported a net profit of 159 billion roubles - 3.1 billion dollars for 2014 down from trillion roubles the year before. Gazprom was also hit by a debt and pricing dispute which meant it cut its gas supplies to Ukraine, one of its key markets. Gas sales to Europe an… READ MORE