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War in Ukraine | Halliburton and Schlumberger suspend operations in Russia

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(New York) Halliburton and Schlumberger, American service and equipment supply companies for the oil industry, announced that they were suspending their activities in Russia.

The two Houston, Texas-based companies made the move in response to US sanctions over the Russian invasion of Ukraine.

Halliburton said Friday it was suspending future operations in the country to comply with sanctions that prohibit transactions and work, including for some Russian state-owned customers. The company said it would prioritize safety and reliability when closing its remaining operations in Russia.

Haliburton said it halted all shipments of sanctioned parts and specific products to Russia several weeks ago. The company clarified that there were no active joint ventures.

For its part, Schlumberger said on Friday that it had immediately suspended investment and deployment of the technology in its operations in Russia. She specified that she would continue to actively monitor this evolving situation.

“Security is at the core of who we are as a company, and we call for an end to the conflict and a return to security in the region,” Schlumberger CEO Olivier Le Peuch said in a statement. .

As the war continues and the deadly violence and humanitarian crisis worsen, the businesses that remain are under increasing pressure to leave.

More than 400 American and multinational companies have pulled out of Russia, either permanently or temporarily, according to Jeffrey Sonnenfeld, senior associate dean of executive programs at Yale University’s School of Management, who released a list of actions to take. businesses in Russia.

Oil companies ExxonMobil, Shell and BP, as well as some big tech companies like Dell and Facebook, were among the first to announce their withdrawal or suspension of operations. Many others, including McDonald’s, Starbucks and Estee Lauder followed. There are about 30 companies left.

Ukrainian President Volodymyr Zelensky on Wednesday called on Congress to pressure American companies still active in Russia to leave, saying the Russian market is “flooded with our blood”.



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