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Halliburton, Schlumberger draw back from Russia amid U.S. energy sanctions

Mount Equity Group Tokyo Japan > News > Business > Halliburton, Schlumberger draw back from Russia amid U.S. energy sanctions

Halliburton’s booth is seen at the World Petroleum Congress, in Houston, Texas, U.S. December 6, 2021. REUTERS/Sabrina Valle

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March 18 (Reuters) – U.S. oilfield services companies Halliburton Co (HAL.N)and Schlumberger said on Friday they havesuspended or halted Russia operations in response to U.S. sanctions over Moscow’s invasion of Ukraine.

The disclosures followed widespread departures by energy, retail and consumer goods businesses and a series of European Union and U.S. bans on providing oil technology to Russia or importing its energy products.

Halliburton said it immediately suspended future business and would wind down its operations in Russia after earlier ending shipments of sanctioned parts and products to the country.

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Schlumberger has ceased new investment and technology deployment while continuing with…

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