The price of gas keeps going up. How high it will go, nobody knows. But one thing is for sure—it had been going up in price for the last several months, and now, the United States won’t be purchasing barrels of oil for it from Russia. On March 8, hours before President Joe Biden placed…
Speedy Bankruptcy Offered By Russia As One of Three Choices For Foreign Firms
March 4, 2022
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British PetroleumBusiness & EconomyEuropeMarketsNew Sanctions on RussiaRussia Ukraine invasionRussia-Ukraine WarToyota Motor CorpWorld
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Russia is offering foreign companies, seeking to exit the country, fast-tracked bankruptcy options as businesses face increasing challenges from western sanctions imposed as a result of Moscow’s initiation of war against Ukraine. The fast bankruptcy plan “will support the employment and social well-being of citizens so that bona fide entrepreneurs can ensure the effective functioning…
Shell Oil Exiting Russia, Withdraws From Multiple Joint Ventures
March 1, 2022
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British PetroleumBusiness & EconomyCompanieseconomyEuropeMarketsRussia Ukraine invasionRussia-Ukraine Warsanctions on RussiaShell OilUKWorld
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Shell announced plans to pull out from Russia after the country launched an invasion into neighboring Ukraine, making the multinational oil and gas giant the latest in a series of companies and organizations to embrace decoupling. Shell will exit its joint ventures with Gazprom, the Russian state-owned energy corporation, and its related entities. This includes…
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