Pause operations: company temporarily curtailing operations while keeping return options open
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Wintershall Dea AG

Wintershall Dea AG
Wintershall is the largest German gas and oil company.
Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionTop 100 largest companies in Russia by revenue
Top 100Glob.Revenue, mln.USD
4328
The Wintershall Dea Supervisory Board approved a principle decision by the Management Board to exit Russia. As a consequence, Wintershall Dea intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations.
The Company Statement
January 17, 2023
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.
January 26, 2023 | Ukrainian group demands full investigation on war crimes, after Spiegel/ZDF expose German government’s greenlighting of investment in Russia |
January 17, 2023 | Gazprom's largest European partner is leaving Russia, recording a loss of more than 5 billion euros |
December 22, 2022 | Putin banned Gazprom from buying gas from a joint venture with Wintershall Dea and OMV at a higher price than the regulated price |
January 17, 2023 | Wintershall Dea announced its intention to leave the Russian Federation after the introduction of regulation on the products of the joint venture |
November 04, 2022 | A German Company's Questionable Involvement in Russia |
December 23, 2022 | Gazprom's Trojan horse in the EU. How the German oil and gas giant Wintershall became a victim of the Russians |
June 16, 2022 | BASF subsidiary profits from Germany’s Russian gas addiction |
December 22, 2022 | Gazprom banned purchases from a joint venture with Wintershall and OMV at a price above the limit |
April 02, 2022 | Wintershall Dea writes off financing of Nord Stream 2 |
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