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Baker Hughes suspends new investments for its Russia operations

Russia Materials 19 March 2022 21:55 (UTC +04:00)
Baker Hughes suspends new investments for its Russia operations

Oilfield services provider Baker Hughes said on Saturday that it has suspended new investments for its Russia operations, Trend reports citing Reuters.

Baker Hughes "is continuing to comply with applicable laws and sanctions as it fulfills current contractual obligations," it said in a statement.

Two other oilfield services companies, Halliburton Co and Schlumberger NV, said on Friday they have suspended or halted Russia operations in response to U.S. sanctions.

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