Russia’s state-owned natural gas company Gazprom has stopped supplies to Austria, officials said. The Vienna-based utility company OMV confirmed the news after it said it would stop payments for the gas following an arbitration award.

Gazprom, the state-owned natural gas company that is a pillar of Russia’s economy, announced on Tuesday that its profit for 2022 plunged by more than 40% and said it would not pay a full-year dividend.

Russian state-owned gas company Gazprom said that German ex-chancellor Gerhard Schroeder has been nominated to join its board of directors, a move that comes as the former leader has faced criticism for accusing Ukraine of “sabre-rattling” during ...