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ExxonMobil joins business exodus from Russia after decades of close ties - Alaska Public Media

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American oil and gas giant ExxonMobil is ending its decades-long involvement in Russia, exiting a major oil and gas project off Russia’s eastern coast and announcing it will not make new investments in the country.

as they respond to the ongoing invasion, the resulting sanctions, and mounting political pressure to distance themselves from the Russian government.

Over the weekend, BP announced it was ending a partnership with Russian state-controlled oil giant Rosneft that’s valued at some $25 billion. The Norwegian company Equinor followed suit, as did Shell.

 

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Major oil companies pull out of once-promising Russia - Alaska Public MediaThe announcements signal that even though Western countries have not sanctioned Russian energy companies, businesses no longer see operation in Russia as a safe investment.
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