BREAKING NEWS
Siddaramaiah says confident of winning all three bypolls in Karnataka
Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial
100 engineering colleges in Karnataka to be ‘adopted’ by corporates by next year: IT Minister Kharge
Siddaramaiah defends BPL ration card cancellation, says only ineligible beneficiaries affected
China announces new policy measures to protect its exports from Trump’s new tariff threat
Effort is ours, results are God’s will: DCM DK Shivakumar on K’taka by-elections
There’s potential for disruption in India camp with Rohit coming back in Adelaide: Ponting
Two fishing boats in Kerala fined Rs 2.5 lakh each for unauthorized film shooting at sea
Gautam Adani charged in US with USD 250 mn bribery, fraud
Haveri: BJP leader Manohar Tahsildar passes away
Mangaluru: Lokayukta raids Mines and Geology Department official’s residence and office
Mahakumbh 2025: IRCTC to set up tent city at Prayagraj
K’taka govt committed to offering all possible support to investors, says CM Siddaramaiah
BTS2024: If India can make rocket sensors, it can also make car sensors, says ISRO chief Somanath
Should Naxalism remain or go?: Karnataka CM justifies killing of Maoist leader in encounter
Shell pulls out of energy investments in Russia over war
PTI, Mar 1, 2022, 9:56 AM IST
Representative Image (Source: Twitter / @Shell)
London: Shell says it pulling out of Russia as President Vladimir Putin’s invasion of Ukraine costs the country’s all-important energy industry foreign investment and expertise.
Shell announced its intention Monday to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development, and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project.
“We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security,” said Shell’s chief executive officer, Ben van Beurden.
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