Western business flight from Russia continues with Shell, GM and others ending or suspending dealings

Even Switzerland suspended its centuries-old policy of neutrality and isolation to say it would join the European Union in closing its airspace to Russian flights and imposing sanctions on Russian President Vladimir Putin and other officials.

“I’m an American patriot and we’re going to do what the American government tells us to do,” he added. The London-headquartered company said it intends to “exit” stakes in joint ventures it shares with Russian gas giant Gazprom, estimating the value of these stakes at $3 billion.These include Shell’s 27.5 percent interest in Sakhalin-2, a large oil and gas project located on Sakhalin Island off Russia’s Pacific coast. Shell and other oil majors have been pursuing large projects on the island since the 1990s.

A GM spokesman said the decision was “due to a number of external factors, including supply chain issues and other matters beyond the company’s control.”it might need to suspend shipping to and from Russia to comply with “ever-evolving sanctions” and airspace restrictions.

More lies

SethAbramson exxonmobil ?

POTUS JoeBiden ABlinken SecBlinken StateDept Expel all RusEmbUSA diplomats & all Russian nationals from this country. Offer asylum to the smart and/or ethical ones who want no part of the criminal kleptocratic gas station fascist dictatorship invading democratic neighbors.

賠錢生意沒人做的

Freezing our dealings with Russia doesn't mean Americans are going to pay less for oil. They'll hike up the prices cause what oil tycoon wants to take a pay cut to 5mil a month! ☹️

Russia hasn't been this cut off from the rest of the world since the mid eighties. The key difference is that the rest of the world has never been this entwined with Russia. This is going to hurt everyone, not just those directly involved.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Western Companies Pull Back From Russia in Response to Ukraine Invasion, SanctionsThe retrenchment is a dramatic change from a few decades ago, when the fall of the Soviet Union made Russia a promising market for international companies including energy majors, brewers and car makers. Everyone close up shop in Belarus and Russia: Starbucks, McDonalds and other fastfood, Apple store Google PlayStore, all cell phone apps, Hilton and other hotels, etc. World powers State leaders are constantly trapping and still destroying states as they have done for 300 years. They are establishing a new world order. USA China, NATO and some leaders from different countries they own oil for $200
Source: WSJ - 🏆 98. / 63 Read more »