Baker Hughes made its announcement one day after similar moves by oil rivals Halliburton Co. and Schlumberger. The steps from the Houston-based businesses come as they respond to U.S. sanctions over Russia’s invasion of Ukraine.
Halliburton announced Friday that it suspended future business in Russia. Halliburton said it halted all shipments of specific sanctioned parts and products to Russia several weeks ago and that it will prioritize safety and reliability as it winds down its remaining operations in the country.
More than 400 U.S. and other multinational firms have pulled out of Russia, either permanently or temporarily, according to Jeffrey Sonnenfeld, senior associate dean for Executive Programs at Yale University’s School of Management, who has publicized a list of corporate actions in Russia.
Ukrainian President Volodymyr Zelenskyy on Wednesday asked Congress to press U.S. businesses still operating in Russia to leave, saying the Russian market is “flooded with our blood.”
Navy Vet
Article URL : https://abcnews.go.com/US/wireStory/halliburton-schlumberger-suspend-operations-russia-83549530