In 2023, Gazprom, the Russian energy giant, suffered its first financial loss in almost a quarter of a century, recording a liability of 629 billion roubles, approximately 6.5 billion euro. This historic event was mainly caused by the repercussions of the war in Ukraine, which led to international sanctions and a reduction in gas exports to Europe. The European Union, which remains partly dependent on Russian liquefied natural gas (LNG), is considering new restrictions in the Russian energy sector. Despite some existing restrictions, Europe increased its imports of Russian LNG, particularly through Belgium, France and Spain. Gazprom's losses reflect the complex dynamics between Russia's domestic energy management and geopolitical relations with Europe, highlighting persistent challenges in energy and politics.