TOP OILFIELD services firm SLB said it is halting shipments of products and technology into Russia from all its operations over an expansion of Western sanctions.
SLB, the world’s largest oil service and equipment provider, was one of the few providers to continue working the country’s oil sector following Russia’s invasion of Ukraine. The latest ban expands restrictions that had been in place since 2022 to more countries.
The move came “in response to the continued expansion of international sanctions” the company said. The company, formerly known as Schlumberger, said the Russia ban now applies to all its worldwide operations, not just those in the UK, US, the European Union and Canada.
“SLB takes its responsibility to comply with export control and economic sanction laws extremely seriously, and the company remains aligned with the international community in condemning and calling for an end to the war in Ukraine,” the company said in a statement.
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