LONDON (AP) — Global oil and gas giant Shell said Monday it is pulling out of Russia as President Vladimir Putin’s invasion of Ukraine continues to cost foreign investment and expertise in the country’s very important energy industry.
Shell has announced plans to exit joint ventures with Russian energy giant Gazprom and related entities, including a 27.5% stake in a key liquefied natural gas project as well as 50% stakes in two projects that develop oil fields in Siberia.
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