- Russia’s gas giant Gazprom won’t recover gas sales lost to the Ukraine war for at least a decade.
- A study seen by the Financial Times says pre-war export volumes will return by 2035.
- Gazprom will likely lose its leading role in Russia’s energy sector over time.
At this point Putin’s goal is pure personal survival. He needs to not lose the war because that would make him look weak, which is very dangerous for a dictator. To keep himself alive and in power he is willing to throw any amount of Russian soldiers into the meat grinder.