![]() The Sakhalin-1 venture is “one of the largest single international direct investments in Russia,” according to the project’s website. (XOM) pledged to leave its last remaining oil-and-gas project in Russia, and not to invest in new developments in the oil-rich nation. Others have since followed suit, including Shell It said Sunday it was planning to exit its 19.75% stake in Russia’s biggest oil company, Rosneft, and their joint ventures - amounting to one of the biggest foreign investments in Russia. ![]() (BP) is one of the most prominent companies to abandon Russia since its troops invaded Ukraine last week. “We expect that those who have invested in our country will be able to continue working here.” ![]() “To enable businesses to make informed decisions, a draft presidential decree has been prepared to introduce temporary restrictions on exiting Russian assets,” Mishustin was quoted as saying. Western companies were taking decisions because of “political pressure,” he said, and they would be prevented from selling Russian assets until that pressure subsides. ![]() Russian President Vladimir Putin is trying to stem the flow of Western businesses fleeing the country over his decision to wage war on Ukraine.Ĭapital controls designed to stop the exodus were announced by Russian Prime Minister Mikhail Mishustin, state news agencies TASS and RIA reported on Tuesday. ![]()
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