The world’s largest gas producer, Russia’s Gazprom, has reported second quarter net profit up by 13 percent, boosted by foreign exchange gains because of the weak rouble.<br /><br />That was short of analysts’ expectations.<br /><br />Net profit was 227.6 billion roubles (4.4 billion euros) up from 202 billion roubles for the same period of last year. <br /><br />Gazprom said it doesn’t think Western sanctions over the Ukraine crisis will have “a significant impact” on its financial situation or operations.<br /><br />The company said it had to set aside 215.8 billion roubles (4.18 billion euros) in the first six months of the year due to Ukraine’s gas debt.<br /><br />Gazprom which supplies around a third of Europe’s gas needs, said it would continue to evaluate sanctions’ effect.<br /><br />with Reuters
