The oil company Shell will abandon all its operations in Russia, including a joint venture in a major liquefied natural gas plant, due to Russia's invasion of Ukraine.
The decision is released a day after an operation that could cost more than 25,000 million dollars.
Shell will abandon the flagship Sakhalin 2 liquefied natural gas plant, in which it has a 27.5% stake, and in which Russian gas giant Gazprom has a 50% stake.
The company also plans to end its involvement in the Nord Stream 2 gas pipeline, which runs from Russia to Germany and which it helped finance as part of a consortium of companies.
Shell said the decision to abandon the joint ventures in Russia will lead to high-value asset losses.
The company had about $3 billion in non-current assets in these companies in Russia at the end of 2021.
The departure of the company comes amid a series of efforts by the West to sanction Russia and put pressure on its finances. Some of the country's banks have already been kicked out of the SWIFT financial network and airspace has been closed to Russian planes.
