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BP and Shell lead rush to exit Russia. There can be no going backOil is always a political business, and there’s no point pretending otherwise
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Shell to sell Russian investments due to Ukraine conflictShell said on Monday that it will exit joint ventures with the Russian gas giant Gazprom amid the conflict.
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Shell to sell all stakes in Gazprom joint venturesThe oil giant said the Russian invasion was “senseless” and that it will divest its stakes worth around three billion dollars.
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BP and Shell’s Russian exits put pressure on peers to follow suit\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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BP and Shell lead rush to exit Russia. There can be no going backOil is always a political business, and there’s no point pretending otherwise
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Ukraine invasion: BP shares slide after it announces exit from RussiaThe oil giant said the move would result in accounting charges of up to $25bn but its statement on Sunday omitted to say how exactly it would dispose of its multi-billion pound stake in Rosneft.
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