Stop Doing
Business with Russia

Wintershall Dea will exit Russia: Wintershall Dea to deconsolidate Russian segment from financial reporting and to record one-off non-cash charge of €5.3 billion in the fourth quarter relating to the deconsolidation as well as other Russia-related impairments. Significant financial flexibility maintained. Wintershall Dea Joint Ventures in Russia economically expropriated. Wintershall Dea intends to fully exit Russia in an orderly manner complying with all applicable legal obligations. German Wintershall Dea completely wrote off its share in the Nord Stream operator due to the impossibility of estimating the terms and costs of restoring the damaged gas pipeline against the background of geopolitics, the company's report says. Wintershall Dea will cut some 500 jobs, or roughly a quarter of its staff, in a separation of its Russian activities. Vladimir Putin signed decrees according to which the shares of two foreign companies, namely the German Wintershall DEA and the Austrian OMV in joint ventures (JV) with Gazprom, will be forcibly sold to Russian owners. The British oil company Harbor Energy announced that it is purchasing from the German chemical concern BASF and LetterOne Mikhail Fridman all their shares in the oil and gas company Wintershall Dea. The deal will cost Harbor Energy $11.2 billion. As part of the deal, Harbor will acquire all of Wintershall's production assets, with the exception of Russian ones.

Totally withdraw from the Russian market for oil, oil products, natural gas and liquefied natural gas in a phased manner. 08.06.2022: Full name changed from SHELL NEFT LLC to TEBOIL RUS LLC. 17.06.2022: Sergey Arturovich Starodubtsev is no longer the organization's CEO, Vitaly Gennadievich Maslov becomes the organization's new CEO. SHELL OVERSEAS INVESTMENTS B.V. and PRIVATE COMPANY B.V. DORDTSE PETROLEUM MATSAPPEY have been deleted as founders from the register. However, Shell still considers itself to be holding a 27.5% interest in Sakhalin Energy Investment Company (SEIC), operator of the Sakhalin 2 oil and gas development project in the Russian far east. Shell still trading Russian gas despite pledge to stop. Putin sweetens deal for Shell's confiscated stake in Russian LNG project. 27.5% of Shell in the Sakhalin-2 project was transferred to Gazprom. Shell does not own them. The Russian Prosecutor General's Office has demanded that Shell pay €1 billion in damages.

Announced exit Russian market BUT Fortum receives fuel from TVEL, a subsidiary of the Russian state concern Rosatom. The contract was concluded before the expiration of the current licenses for the operation of Loviis reactors. Fortum to record additional pre-tax impair­ments of approx­i­mately EUR 990 million related to its Russia segment. The Federal Property Management Agency received foreigners' shares in Unipro and Fortum under temporary management. Fortum has formally notified the administration of the President of the Russian Federation that it strongly objects the Decree No. 302 of 25 April 2023, based on which the Russian State Property Management, Rosimushchestvo, has seized Fortum’s Russian subsidiary PAO Fortum. Fortum to write off $1.9 billion after Russia seized assets. Fortum will file a claim for compensation after the nationalization of the Russian "daughter". Fortum plans to use up its existing Russian stock before switching to a western supplier. The Finnish energy company Fortum filed a lawsuit in a civil court in the Netherlands against the Russian PJSC "Forward Energo" (formerly PJSC "Fortum"). Fortum has exited all Russian operations and focuses solely on its Nordic strategy. In April 2023, Russian authorities seized Fortum’s assets under Presidential Decree No. 302, resulting in Fortum's loss of shareholder rights, full financial deconsolidation, and impairment of those assets, as reflected in its Q2 2023 results. The Russian operations, now renamed Forward Energo, are fully separated from Fortum Group.

Donation to UNHCR. Declared they will leave Russia in May. Enel writes down Russian unit's value pending sale completion. LLC was sold to a local legal entity. Putin authorises Enel to sell Russian unit to Lukoil.

Sold local business on 15/11/2022. No longer provide engineering services to Russian LNG developers. Baker Hughes Announces Local Management Buyout of its Oilfield Services Business in Russia. But in January 2023 Baker Hughes sent Oil&Gas drilling equipment to Russia from Scotland. But the company still continues exporting to Russia months after calls for trading to cease.

September 8, 2022 - Halliburton Company today announced it completed the sale of its Russia operations to a Russia-based management team made up of former Halliburton employees. As a result, Halliburton no longer conducts operations in Russia. The LLC changed its name, was sold to an individual/individuals

PeWeTe sold and transferred its participatory interests held directly and indirectly in its Russian LLC which was sold to a local legal entity, which is held by a group of Russian top managers of the Petro Welt Group

Rinat Akhmetov's DTEK sold coal assets in the Rostov region to the Cypriot Valleyton Investments Limited with an unknown ultimate owner of the company. UK suspends $207 million debt collection from Russia in favor of Ukrainian Krymenergo.

Selling its business in Russia. It will operate until the sale is concluded. Technical records in the register - 29.07.2022: The record about the founder of LLC AGGRECO UKEY LIMITED has been deleted. The record about the founder of LLC AGGRECO HOLDINGS LIMITED has been removed. LLC AGGRECO HOLDINGS LIMITED becomes the new founder of the organization. LLC AGGRECO UK LIMITED becomes the new founder of the organization. Aggreko is to divest its Russian and Kazakhstan businesses by selling them to its private equity co-owners, TDR Capital and I Squared Capital Partners. Aggreko is to sell its Eurasian power rental businesses to an unnamed third party for US$29 million, comprising $21 million for the Russian operation and $8 million for the Kazakhstan business.

The Management Board of RESBUD SE, announced that on January 9, 2023, it completed negotiations on the sale of 100% of the shares of the Issuer's Russian subsidiary - Energokomplekt o.o.o.

Parker Drilling would need contract assurances protecting its assets in Russia and an exit strategy before embarking on any new business there, Parker said before. LLC in Russia was sold in 2022. JSC PARKER DRILLING COMPANY OF SAKHALIN is liquidated.

Hitachi Energy sold business in Russia to local management. LLC "OBORUDOVANIE FOR ENERGY" becomes the new founder of the organization. The record about the founder of HITACHI ENERGY LTD has been removed. The record about the founder HITACHI ENERGY PARTICIPATIONS LTD has been deleted. 10.02.2023: Full name changed from "HITACHI ENERGY" LLC to "H ENERGY" LLC.

Exit from the four joint ventures with Rosneft and the signing of an agreement to leave the Kharyaga project. LLC was sold to a local legal entity

Promised to stop business with Russia & stop deliveries to and from Russia. The company is misleading by the fact that they have stopped business in the Russian Federation. In fact, their plant in Lipetsk continued to work, they hired people and there were no changes till April 2023 in their legal entity "Viessmann Lipetsk" LLC / OGRN 1144827008534, Tax ID 4802025455. 04.2023: Sharova Polina Yakovlevna becomes the new founder of the organization. The record about the founder "FISSMAN BEZITTS UND VERWALTUNG GMBH" has been removed. Deleted record about the founder "FISSMANN HOLDING INTERNATIONAL GMBH". The record about the founder FISSMANN HOLDING INTERNATIONAL GMBH has been removed. Deleted record about the founder FISSMAN BESITZ UND VERWALTUNG GMBH.

ExxonMobil has started to reduce oil production on the Sakhalin-1 project - Reuters. Exxon Mobil is negotiating to transfer its stake in the Sakhalin-1 project to another company. Exxon Mobil on Monday, October 17, 2022 said it has fully exited Russia, with the energy giant saying that President Vladimir Putin had expropriated its assets in the country and "unilaterally terminated" the company's Sakhalin-1 oil project. 15.01.2024: The legal entity in Russia was liquidated. "The Corporation holds a 25 percent interest in Tengizchevroil, LLP (TCO), which operates the Tengiz and Korolev oil fields in Kazakhstan, and a 16.8 percent working interest in the Kashagan field in Kazakhstan. Oil production from those operations is exported through the Caspian Pipeline Consortium (CPC), in which the Corporation holds a 7.5 percent interest. CPC traverses parts of Kazakhstan and Russia to tanker-loading facilities on the Russian coast of the Black Sea. In the event that Russia takes countermeasures in response to existing sanctions related to its military actions in Ukraine, it is possible that the transportation of Kazakhstan oil through the CPC pipeline could be disrupted, curtailed, temporarily suspended, or otherwise restricted. In such a case, the Corporation could experience a loss of cash flows of uncertain duration from its operations in Kazakhstan. For reference, after-tax earnings related to the Corporation’s interests in Kazakhstan in 2022 were approximately $2.5 billion, and its share of combined oil and gas production was approximately 246 thousand oil-equivalent barrels per day." - Annual Report.

Received revenues in Russia in 2021-2022. EVN is currently in advanced negotiations with a potential buyer for the two combined heat and power plants in Moscow, which represent the last remaining activities of the EVN Group in Russia. 1 of 4 entities was sold: 11.2023: The entry about the founder of the STATE UNITARY ENTERPRISE OF MOSCOW "EKOTEKHPROM" was removed from the Unified State Register of Legal Entities. JSC "EKOTEKHPROM" becomes the new founder of the organization. 08.11.2024: Georgy Olegovich Savchenko becomes the new founder of the organization LLC EFN ECO SERVICE. The entry about the founder EFN UMWELT BETAILIGUNGS UND SERVICE GMBH has been removed from the Unified State Register of Legal Entities.

Spanish firm Windar Renovables is exploring selling its 51% stake in its Russian joint venture to partner and steelmaker Severstal. 12.2023: NEW SOLUTIONS AND TECHNOLOGIES LLC becomes the new founder of the organization. The entry about the founder WINDAR RENOVABLES, S.L. was removed from the Unified State Register of Legal Entities.

Has halted fresh investment in Russia and suspended trade in Russian oil but stopped short of exiting the country, which makes up 24% of its proven reserves and includes a stake in gas producer Novatek. No longer will provide capital for new projects in Russia/stop purchasing Russian oil; No longer enter into or renew contracts for the purchase of Russian oil and petroleum products, to cease all purchases of Russian oil and petroleum products as soon as possible, but no later than the end of 2022. Withdraw from Acrtic LNG 2 project. TotalEnergies to continue shipping Russian LNG as long as no EU sanctions. The new owner will restart the former Total lubricants plant in the Kaluga region. Patrick Pouyanne, the CEO of TotalEnergies, said he did not know whether his company could receive a dividend payment from Novatek, in which the French oil major has a 19.4% stake. French TotalEnergies cannot withdraw $2 billion in dividends from participation in joint projects with NOVATEK from Russia, which it cannot withdraw from Russia, approximately $1.5–2 billion by the end of 2024.

PHX Energy Services Pulls Out of Russia. Fully exit Russia after selling its operations.

Haldor Topsoe announced the closure of activities in Russia and Belarus. Fully wind down all Russian business, enity is liquidated.

Received revenues in Russia in 2021-2023, there is no any official announcement. 09.12.2024: Timchenko Andrey Igorevich becomes the new founder of the organization LLC EXTERRAN VOSTOK. The entry about the founders PRIVATE LIMITED LIABILITY COMPANY EXTERRAN HOLDING COMPANY NL B.V. and PRIVATE LIMITED LIABILITY COMPANY EXTERRAN SERVICES B.V. has been removed from the Unified State Register of Legal Entities.

A statement was published on the write-off of one-time costs associated with the termination of the group's operations in Russia. As a reluslt of Russia's war of aggression against Ukraine, Onion decided to discontinue business operations in Russia and, in November 2022, all operational activites ceased. All one-off costs associated with discontinuing operations have been recognized in the operating year's profit/loss account. 04.09.2024: The legal entity OILON RU FACTORY LLC was liquidated.

Suspend stipulation of new oil contracts; divest from investments in Russian pipelines; continued buying Russian gas for rubles. Eni opened Gazprom arbitration proceedings after gas supply cuts. Italian major Eni has closed its corporate representative office in Russia after stopping purchases of Russian pipeline gas for delivery to Turkey.

Continued processing Russian oil. Lukoil is close to completing a deal to sell the Isab refinery in Sicily for $1.58 billion. Italian officials are still concerned about some aspects of the transaction. And one senior Italian energy official said he was concerned that "a group of unknown investors running a newly created company from Cyprus could acquire an asset that Rome considers a "strategic". 11.04.2023: Italy gave conditional approval to the sale of the Lukoil-owned refinery (LKOH.MM) in Sicily to Cypriot private equity firm G.O.I. Energy.

No new Russian investments; doing strategic review of current Russian gas investments, significantly reduced its exposure to risks related to importing Russian gas later this year. OMV writes off assets in Russia for 2.5 billion euros. Austrian energy group OMV will continue to buy most of its gas from Russia this winter, its chief executive has said, even though the company has secured back-up contracts to fully cover its import needs from other sources. Vladimir Putin signed decrees according to which the shares of two foreign companies, namely the German Wintershall DEA and the Austrian OMV in joint ventures (JV) with Gazprom, will be forcibly sold to Russian owners. Russia's Gazprom has cut off gas supplies to Austrian energy company OMV, hours after Vienna said Russia had warned it would cut off flows. Austria said Moscow had informed it that gas would be cut off from Saturday, November 16, 2024 following an arbitration ruling in favor of OMV, Austria's largest energy supplier, over Gazprom's failure to meet gas supply obligations to its German unit. Gas continues to flow to Austria via the same route that it usually uses for deliveries from Russia – via Slovakia, Reuters reports, citing Eustream data. Austrian company OMV usually received 27 million cubic meters per day from Gazprom. On Saturday, November 16, 2024 deliveries stopped completely, but on Sunday, November 17, 2024 22.6 million cubic meters returned (down 17%), with the application for Monday at 22.3 million cubic meters per day and for Tuesday at around 23.6 million cubic meters. Traders and analysts said that this could be gas from Russia, delivered via the Turkish Stream pipeline or via Ukraine, where underground gas storage facilities are already full. Austrian company OMV seized €230 million worth of gas from Russia's Gazprom in October following an arbitration decision. This was the first time an EU customer failed to pay the monopolist for fuel.

Took part in the Arctik LNG 2 and Yamal LNG. The company has ceased to work on future business opportunities in Russia. Spin-off complete: TechnipFMC and Technip Energies become two separate entities. TechnipFMC will continue as a service provider to the traditional and new energies industry, while Technip Energies will focus on engineering and technology for the energy transition with leadership positions in LNG, hydrogen and ethylene. 29.03.2023: Full name changed from JSC "TECHNIP ENERGY RUS" to JSC "ENERGY".

Trican sold Russian business in 2015.

Continued operations but no new contracts. Fully withdrawn from Russia. Vestas CEO sees continued challenges as wind giant posts another loss. Russian company is in the process of liquidation. 04.2024: The legal entity LLC "VESTAS MANUFACTURING RUS" was liquidated on April 18, 2024.