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

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The head of the U.S. Senate Foreign Relations Committee has asked America's top three oilfield services companies to explain why they continued doing business in Russia after its invasion of Ukraine.

As people around the world made sacrifices in solidarity with Ukraine, the July 27 letter concluded, “your company sought to make a profit... there is simply no good explanation for this behavior, other than to make a dollar.”

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. A Baker Hughes spokeswoman confirmed receipt of Menendez's letter and said the company was addressing the concerns “directly with his office.”

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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 America's top three oilfield services companies to explain why they continued doing business in Russia after its invasion of Ukraine.
Source: AP - 🏆 728. / 51 Read more »