President Joe Biden has decided to ban Russian oil imports in retaliation for its invasion of Ukraine, according to a person familiar with the matter.
By quitting this project, Exxon would end more than a quarter-century of continuing business presence in Russia.suspended most of its operations in Russia, with the exception of"providing essential medical equipment and supporting existing power services."is getting out of Russia and ditching its joint ventures with Gazprom, including its involvement with the moribund Nord Stream 2 natural gas pipeline.
Shell has also decided to stop buying Russian oil and gas and will close its service station network.also condemned Russia's actions and said it would no longer provide capital for new projects in the country. The entertainment giant had multiple films set for release in Russia in the coming months. That includes Marvel's"Doctor Strange in the Multiverse of Madness" on May 5 and Pixar's"Lightyear" on June 16.
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