The great decoupling: how UK-based firms are unwinding exposure to Russia

Oil companies and City and law firms are among many working round the clock to sever ties with Russian-owned businessesUkraine-Russia crisis: live updatesPressure is mounting on more British businesses to sever ties with Russia after oil giant Shell became the latest company to quit the country, ditching gas projects with the country’s state energy firm Gazprom.Shell on Monday said it would exit its 27.5% stake in the Sakhalin-2 liquefied natural gas facility, its 50% stake in Salym Petroleum Development and the Gydan energy venture. Continue reading…

Oil companies and City and law firms are among many working round the clock to sever ties with Russian-owned businesses

Pressure is mounting on more British businesses to sever ties with Russia after oil giant Shell became the latest company to quit the country, ditching gas projects with the country’s state energy firm Gazprom.

Shell on Monday said it would exit its 27.5% stake in the Sakhalin-2 liquefied natural gas facility, its 50% stake in Salym Petroleum Development and the Gydan energy venture.

Continue reading…

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