The American private sector is reacting in turn to the Russian invasion of Ukraine. On Tuesday, the oil giant Exxon announced that it was going to exit the exploitation of the Sakhalin-1 hydrocarbon fields, located in the Russian Far East.
“We deplore Russia’s military action that violates Ukraine’s territorial integrity and endangers its population,” the group said in a statement. While Exxon has not detailed the process and timetable for shutting down its operations, its assets in Russia are valued at some $4 billion in its accounts. The Texan, which thus follows its competitors BP or Shell, has also indicated that it refrains from any new project.
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