Foreign Relations chair seeks answers from US oil firms on Russia business after Ukraine invasion

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Senate Foreign Relations Committee has asked the country's top three oilfield services companies to explain why they continued doing business in Russia after its invasion of Ukraine, and demanded that they commit to “cease all investments” in Russia's fossil fuel infrastructure.

Menendez, in letters to the chief executives of the three companies, said he was “extremely disturbed” by AP's findings. He noted that President Joe Biden and Congress had imposed “ wide-ranging sanctions related to Russia’s violation of another nation’s sovereignty,” while Russia’s invasion was “particularly heinous,” its soldiers committing “tens of thousands of atrocities.”

In contrast, oil majors such as Shell and BP announced they would quit Russia within days or weeks of the invasion, writing off billions of dollars.

 

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Foreign Relations chair seeks answers from US oil firms on Russia business after Ukraine invasionThe head of the U.S. Senate Foreign Relations Committee has asked the country's top three oilfield services companies to explain why they continued doing business in Russia after its invasion of Ukraine, and demanded that they commit to “cease all investments” in Russia's fossil fuel infrastructure. Sen. Bob Menendez, a Democrat from New Jersey, cited an Associated Press report that the companies — SLB, Baker Hughes and Halliburton — helped keep Russian oil flowing even as sanctions targeted the
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