Shell to write off as much as $5 billion in assets due to Russia exit

08.04.2022

Anglo-Dutch oil giant Shell, a leading upstream investor and operator in Kazakhstan, has confirmed a potential hit to the company of €3.7-€4.6 billion ($4 to $5 billion) from offloading its Russian assets as the company decided to pull out of the country amid Western sanctions.

“For the first quarter 2022 results,...