The Latest Breaking News from Gazprom

The oil giant said the Russian invasion was “senseless” and that it will divest its stakes worth around three billion dollars.

British oil major to exit joint ventures with Gazprom after BP pledged to sell its 20% Rosneft stake

ENERGY giant Shell has bowed to pressure to exit all joint ventures with Kremlin-controlled oil firm Gazprom, ditching stakes in three major gas projects and the undersea pipeline Nord Stream 2 worth a total of $3 billion.

It means Russia will be eliminated from World Cup qualifying while Spartak Moscow will not take part in the Europa League.

The deal was estimated to be worth between €40-60m a year with the company a headline sponsor of the Champions League

All Russian football teams have been handed an indefinite ban from international football following the invasion of Ukraine, UEFA and FIFA have announced.

Matti/Pexels Sanctions On Russia Go To Eleven  In our previous post (Russia's Invasion of Ukraine: Risks and Opportunities), we wrote that one reason U.S. markets bounced after Russia's invasion of Ukraine was that

Russia’s invasion of Ukraine is horrifying. Western leaders, fearing a broader war, are responding primarily with economic sanctions. A prominent economic sanction has been Russia’s exclusion from the international payments messaging system Swift, presented as a powerful means of undermining its economy.

Shell must follow BP and dump Gazprom.

There will no be adverts for Russian state-run energy giant Gazprom during the next round of Champions League matches, as UEFA aims to end its relationship with the company.

ENERGY giant BP’s decision to sever links with Kremlin-controlled Rosneft has piled pressure on other oil majors to follow suit, with FTSE 100 rival Shell facing calls to dump its Russian assets.