Vladimir Putin’s invasion of Ukraine has forced the biggest reappraisal of corporate relations with Russia for a generation, leaving oil executives and commodity traders with a choice between clinging on to their lucrative commercial ventures or heeding calls for divestment.
Russia is the world’s third-largest oil producer, the biggest exporter of gas and for most of the past decade was viewed as the world’s most promising exploration and development destination.
Western sanctions have sought to avoid restricting oil and gas exports, and some of the companies say they can continue to operate in the country.
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