Russian gas giant Gazprom , squeezed by plunging sales abroad as the Ukraine conflict prompts European buyers to turn away, is seeking to raise regulated prices at home to fund investment, Interfax news agency reported on Thursday.

Gazprom is considering cutting about 40% of its headquarters staff - more than 1,500 job cuts - as the Russian gas giant grapples with the loss of most of its sales to Europe, state news agency TASS reported on Monday.

Gazprom's board is proposing that about 1,600 managers and administrators be cut from its headquarters at St. Petersburg, citing recent challenges.

Russian gas is likely to be supplied to Transnistria via Türkiye from 1 February, and a section of the TurkStream gas pipeline has been reserved for this purpose. Source: Kommersant, a Russian socio-political newspaper,

In the days before former President Joe Biden left office, the U.S. announced two new rounds of sanctions against Russia, including expansive

Russia has long used its plentiful energy resources as a tool to exert control over the region, where independence from Russian energy is tied to political sovereignty.

Tennis Australia says it has advised its players against competing in Russia following reports that Davis Cup team member Thanasi Kokkinakis featured in an exhibition in St. Petersburg two months ago

Gazprom provided about 7 percent of Russia's federal budget in 2021, the year before Putin's full-scale invasion. By 2023, it was estimated to provide about half of that as sanctions, reduced production and historic losses hit the sector. Large-scale layoffs could add to the pressure on Russia's key revenue generator for the war.

Australian tennis bosses stepped in after Thanasi Kokkinakis defied advice by competing in a Russian exhibition. The world No. 71 entered the North Palmyra Trophies event in St Petersburg at the end of November. In an interview for the tournament, he said the city and the people were “really nice”.

Russia's Gazprom is considering cutting hundreds of administrative jobs, a company spokesman confirmed to AFP on Monday, as the gas producer reels amid the loss of key exports to Europe.

The United States and Britain on Friday announced sanctions against Russia's energy sector, including oil giant Gazprom Neft, just days before outgoing President Joe Biden leaves office.The US State Department announced it was also taking action against Russia's energy sector,

Gazprom's press service did not respond to a request for comment sent outside regular business hours by Business Insider. Russia had for years been a major supplier of natural gas to the European ...