Friday, 27 December 2024
Home Topics Fuel Natural Gas Russia seeks over $1 billion in damages from Shell, report says
Natural GasNewsOilPolitics

Russia seeks over $1 billion in damages from Shell, report says

58
FILE PHOTO: A Shell logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse/File Photo
FILE PHOTO: A Shell logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse/File Photo

MOSCOW (Reuters) – The Russian General Prosecutor’s office was seeking to collect more than 1 billion euro ($1.09 billion) in damages from international energy major Shell, the RIA news agency reported on Tuesday, citing the Moscow Arbitration court.

Russia’s Prosecutor General earlier this month filed a lawsuit against eight units of Shell, which quit Russia following the start of Moscow’s military conflict with Ukraine in February 2022, according to the court’s website.

It cited Shell plc, Shell Energy Europe Limited, Shell Global Solutions International B.V., Shell International Exploration & Production B.V., Shell Neftegaz Development, Shell Exploration & Production Services B.V., Shell Sakhalin Services B.V. and Shell Sakhalin Holdings В.V. among the defendants.

Shell had a stake in a liquefied natural gas-producing plant on the Pacific island of Sakhalin led by Kremlin-controlled Gazprom.

Moscow has consolidated its control over the plant in response to sanctions imposed by the West following Shell’s departure from Russia.

A hearing on the case was scheduled for Dec. 11, the court said. Shell has not immediately responded to a request for comment.

($1 = 0.9163 euros)

(Reporting by Vladimir Soldatkin; Editing by Bernadette Baum)

Related Articles

FILE PHOTO: A staff member cleans a display showing the locations of battery maker CATL's production bases, at the CATL booth during the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. REUTERS/Florence Lo/File Photo
BusinessElectric Vehicles (EVs)ElectricityFinanceStorage

China’s CATL to seek Hong Kong listing

CATL plans to issue offshore H-shares and apply for a listing on...

FILE PHOTO: Volunteers work to clear spilled oil on the coastline following an incident involving two tankers damaged in a storm in the Kerch Strait, in the settlement of Blagoveshchenskaya near the Black Sea resort of Anapa in the Krasnodar region, Russia December 21, 2024. REUTERS/Sergey Pivovarov/File Photo
ClimateEnvironmentFuelOil

Russia declares federal emergency over Black Sea oil spill

Two oil tankers were hit by a storm on Dec. 15. One...

FILE - A sign is displayed at an electric vehicle charging station, March 8, 2024, in London, Ohio. (AP Photo/Joshua A. Bickel, File)
AnalysisElectric Vehicles (EVs)Transport

Five facts about electric vehicles in 2024

Electric vehicles had another whirlwind year around the globe, driven by buyers...

FILE PHOTO: Cars at BYD's first electric vehicle (EV) factory in Southeast Asia, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa/File Photo
BusinessElectric Vehicles (EVs)LabourTransport

BYD contractor denies ‘slavery-like conditions’ claims by Brazilian authorities

Brazilian labor authorities had on Wednesday said they found 163 Chinese nationals...

Login into your Account

Please login to like, dislike or bookmark this article.