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

  • 📰 SooToday
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 85%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The 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.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

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
Source: YahooFinanceCA - 🏆 47. / 63 Read more »