Net debt of Gazprom for 9 months of 2015 increased by 23%

Net debt of Gazprom for 9 months of 2015 increased by 23%


The reason for the growth in debt were to increase the exchange rate and the increase in the amount of long-term and short-term borrowings. Now the company’s net debt is 2,022 trillion rubles.

MOSCOW, 15 Jan. Net debt of “Gazprom” as of September 30, 2015 increased by 23% compared with the figure at the end of 2014 — up to 2,022 trillion rubles, follows from the company reporting under IFRS for nine months of 2015.

“The reasons for the growth in this indicator are related to changes in foreign exchange rates (increase the rate of the US dollar and Euro), as well as the increase in the amount of long-term and short-term borrowings”, — said in statements.

As at 31 December 2014 net debt of “Gazprom” was $ 1,650 trillion rubles, follows from the statements.