Halliburton completes Russia Exit over Ukraine war, 9 September 2022

The U.S. oilfield services corporation Halliburton announced...it has fully exited the Russian market in response to the invasion of Ukraine.

The corporation, one of the world’s largest energy product and service suppliers, said it sold its Russian operations to a Russia-based management team composed of former Halliburton employees. 

“The Russia-based management team now owns and operates Halliburton’s former business and assets in Russia under the name BurService LLC, which is independent from Halliburton,” the multinational said in a statement...

Halliburton in March suspended future business and promised a wind-down of operations in Russia after cutting shipments of sanctioned parts and products to the country. 

Its Russian contracts ended on May 15 to comply with U.S. and EU sanctions...