ISTANBUL, October 23. /TASS/. Gazprom has cut its share of borrowings in international markets by almost six times over the last four years, First Deputy Department Director of the gas holding Ignat Dirks said at the Verona Eurasian Economic Forum.
"Feel the scale of changes. The year of 2022: the share of foreign markets was 77%. Since mid-2026, the share of foreign markets is 13%. It means we complete revised the portfolio structure and certainly, it became possible owing to maturity of the domestic market," he said.
Gazprom’s Eurobonds in circulation reached $25 bln by the start of 2022, which accounted for almost a quarter of the total Russian corporate Eurobonds amount, Dirks said. Over the last four years, Gazprom raised over $14 bln in the domestic market to refinance international borrowings and also about $20 bln to finance new projects.
"I would also like to stress particularly that Gazprom always honors its obligations towards investors, including towards international investors. We continued servicing our foreign borrowers in line with their terms," Dirks added.