Halliburton stops operations in Russia

The U.S. oil field service company Halliburton Co. has announced an immediate suspension of future business in Russia in a statement published on the company website.

"The Company complies with sanctions that prohibit transactions and work, including for certain state-owned Russian customers. Halliburton will prioritize safety and reliability as we wind down our remaining operations in Russia," the statement said.

Halliburton said it has no active joint ventures in Russia, while all shipments of specific sanctioned parts and products to Russia were halted several weeks ago.

"The war in Ukraine deeply saddens us. We have employees in both Ukraine and Russia, and the conflict greatly impacts our people, their families, and loved ones throughout the region. Since the start of this conflict, we prioritized employee safety and compliance with all relevant sanctions," the statement quoted Halliburton Chairman, President and CEO Jeff Miller as saying.

Halliburton is the world's second largest oil field service company and the largest U.S. supplier of oil industry equipment, which was cooperating with all major mineral developers of Russia, including Gazprom , Gazprom Neft , Rosneft and Lukoil .

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