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The Guardian - UK

Business

Kalyeena Makortoff and Jasper Jolly and Rob Davies

The great decoupling: how UK-based firms are unwinding exposure to Russia

Russia United States United Kingdom Shell City London

The Lunskoye A platform at the Sakhalin II project. — The Lunskoye A platform at the Sakhalin-2 project. Shell has announced the end of its relationship with Gazprom, with which it was co-developing the site. Photograph: Itar-Tass News Agency/Alamy

Pressure is mounting on more British businesses to sever ties with Russia after oil giant Shell became the latest company to quit the country, ditching gas projects with the country’s state energy firm Gazprom.

Shell on Monday said it would exit its 27.5% stake in the Sakhalin-2 liquefied natural gas facility, its 50% stake in Salym Petroleum Development and the Gydan energy venture.

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