Russian gas giant Gazprom’s shares skyrocketed more than 30% on Wednesday after its board recommended paying dividends on record net profits in the first half of this year. 

State-owned Gazprom said the day before that it made a record 2.5 trillion rubles ($41.36 billion) in net profit in the first six months of this year “despite sanctions p

Mikhail Gorbachev, whose actions as the last General Secretary of the Communist Party of the Soviet Union helped shape the world as we know it today, died after a "serious and long illness" late Tuesday, the state-run TASS news agency reported, citing the Moscow Central Clinical Hospital. He was 91.

His era started in 1985 with the reform of the

Russian energy giant Gazprom on Wednesday cuts off its gas supplies to Germany via the Nord Stream 1 pipeline for maintenance work, further raising tensions on an already taut electricity market.

The three-day works at a compressor station are "necessary," Gazprom has said, adding that they had to be carried out after "every 1,000 hours of