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Shell Oil is abandoning its energy deal with Russia’s primary energy company as Western leaders take a united stance against the country’s military attack on Ukraine.
The Houston-based energy company said it would exit its joint ventures with Russian energy conglomerate Gazprom and its subsidiaries on Monday. Shell’s announcement came a day after BP said it would withdraw its Russian holdings. BP had held a 19.75% shareholding in Rosneft since 2013.
Shell’s joint ventures with Russia’s state-owned energy giant and related entities include a 27.5%
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