TotalEnergies pulls execs from Russia, expects record impairment

The French oil giant will no longer include its share in Russian natural gas producer Novatek as equity and braces for a substantial impairment in the fourth quarter.

BY MATHIAS JULIUS FALKENGAARD, TRANSLATED BY CHRISTOFFER ØSTERGAARD

Oil supermajor TotalEnergies still has a presence in Russia, but is taking gradual steps towards a withdrawal from various assets.

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