The Economist: Gazprom shares have fallen in price by 16% over 91 years
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The Economist: Gazprom shares have fallen in price by 16% over 91 years

Shares in Russian gas giant Gazprom have fallen 91% over the past 16 years, The Economist reports. In 2008, one share of the company reached a price of about 370 rubles, which at the exchange rate of that time corresponded to $15,65. The stock is currently trading at $1,34, which represents a significant loss in value.

Gazprom's share price peaked before the 2008 global financial crisis, when the company was on the rise thanks to high energy prices and favorable market conditions. However, starting in 2008, the company's shares began to lose value due to a variety of factors, including changes in global markets, political instability and domestic economic difficulties.

Experts note that such a significant drop in Gazprom shares reflects the general problems facing the Russian economy and the energy sector in particular.

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