Shell pulls out of Russia as Western companies head for the exits - Sydney Morning Herald
2/28/2022 12:00:00 AM3 years 2 months ago
by Ron Bousso, Dmitryu Zhdannikov, Carolyn Cohn, Saeed Azhar and Shanima A
by Ron Bousso, Dmitryu Zhdannikov, Carolyn Cohn, Saeed Azhar and Shanima A
Shell says it pulling out of Russia as President Vladimir Putin’s invasion of Ukraine costs the country’s all-important energy industry foreign investment and expertise.
The European arm of Sberbank, Russias biggest lender, faces failure, the European Central Bank warned on Monday, after a run on its deposits. British bank HSBC said it was starting to wind down rela… [+1739 chars]
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