Russia's Gazprom profits collapse on low oil, weak ruble

April 29, 2015 10:31 AM

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Russia's Gazprom profits collapse on low oil, weak ruble

Ruble plunge, Moscow's conflict with Ukraine, and low oil prices are taking their toll on the Russian energy giant, which saw its profits fall 86% last year.

Its net income plummeted to 159 billion rubles ($3 billion) in 2014 from 1.1 trillion rubles ($20 billion) in 2013.

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