World's largest oilfield services group has no plans to leave Russia

World's largest oilfield services group has no plans to leave Russia

SLB has resisted pressure to follow its two biggest rivals in pulling
out in response to Ukraine war


The world's biggest oilfield services company has no plans to
exit Russia two years after Moscow's full-scale invasion of Ukraine,
despite western pressure to curb the flow of petrodollars to the
Kremlin's war machine.
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Agiya Zagrebelska, head of the direction of minimisation of
corruption risks in sanctions policy at Ukraine's NACP, said SLB was
one of thousands of foreign businesses that, in effect, were openly
supporting the Russian military machine.
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Last month, Mondelez's chief executive Dirk Van de Put said no
shareholders had asked the chocolate maker to leave the country,
adding that they cared more about a material hit to their investment
than the moral issue.

https://www.ft.com/content/8741411f-9d0c-4295-949a-2345fc87730c