According to the statement made by the company, the Shell Board of Directors decided to withdraw from the projects in the country after Russia's attack on Ukraine.
Ukrainian army continues to oppose Russian soldiers near Kyiv.
In this context, the company will sell its 27.5% stake in the Sakhalin-II LNG facility, 50 percent each in the Salym Petroleum Development and Gydan energy venture, and leave its joint ventures in Gazprom and related institutions.
Shell also plans to end its involvement with the Nord Stream 2 gas pipeline project.
As of the end of last year, Shell's current fixed assets in Russia stood at $3 billion, and this decision is expected to damage the value of Gazprom and other organizations.
Shell is the third company to announce that it will leave its projects in Russia, after bp and Equinor.
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