American oil and gas giant ExxonMobil is ending its decades-long involvement in Russia, exiting a major oil and gas project off Russia’s eastern coast and announcing it will not make new investments in the country.
as they respond to the ongoing invasion, the resulting sanctions, and mounting political pressure to distance themselves from the Russian government.
Over the weekend, BP announced it was ending a partnership with Russian state-controlled oil giant Rosneft that’s valued at some $25 billion. The Norwegian company Equinor followed suit, as did Shell.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Major oil companies pull out of once-promising Russia - Alaska Public MediaThe announcements signal that even though Western countries have not sanctioned Russian energy companies, businesses no longer see operation in Russia as a safe investment.
Read more »
As other investors leave Russia, Alaska has no plans to sell its $210 million in assetsThe Alaska Permanent Fund holds about $160 million in Russian stocks, bonds and other investments; other state accounts hold about $50 million more.
Read more »
Russia-Ukraine war live updates: Russia under war crimes investigation as peace talks stallCanadian PM Trudeau says Canada is sending antitank weapons systems and 'upgraded' ammunition to Ukraine as it fights Russia's invasion.
Read more »
Russia-Ukraine live updates: Russia strikes key cities; Biden says Moscow ‘more isolated’ than everTanks entered port city Kherson, as capital Kyiv and second-largest city Kharkiv came under intense missile strikes.
Read more »
Ukraine-Russia Live: U.S. Closing all aAirspace to Russia, Biden saysThe European Parliament accepted Ukraine's application to join the European Union Tuesday, as \na 40-mile Russian convoy advances on Kyiv. Follow Newsweek's liveblog for the latest updates.
Read more »