Putin signs decree allowing acquisition of Baker Hughes Russian assets

FAN Editor

(Refiles to fix day of week)

(Reuters) -Russian President Vladimir Putin has signed a decree allowing Russian company Nefteservisnie Tekhnologii to acquire U.S. oilfield services provider Baker Hughes’ Russian assets, a Russian government document published on Friday showed.

Baker Hughes announced in March that it was suspending new investments in Russia after Western countries imposed unprecedented sanctions when Moscow ordered tens of thousands of troops into Ukraine on Feb. 24. In August, Baker Hughes announced it had sold its oilfield services business in Russia to the local management team.

(Reporting by Reuters, Editing by Louise Heavens)

tagreuters.com2022binary_LYNXMPEIA30PB-BASEIMAGE

Free America Network Articles

Leave a Reply

Next Post

Kroger, Albertsons unions, antitrust experts urge FTC to block merger -letter

(This Nov. 3 story has been corrected to remove the reference to the FTC blocking Penguin Random House and Simon & Schuster deal in paragraph 9.) By Siddharth Cavale NEW YORK (Reuters) – Kroger Co’s acquisition of Albertsons Companies Inc could exacerbate income inequality through job losses and eroding wages […]

You May Like