"Novatek" Russia acquires a stake "General" in the Russian project

Today, Friday, Russia’s Novatek announced the acquisition of a 49% stake in France’s Total Energy in its Terneft-Gaz joint venture.

According to Novatek’s statement, published today, on Friday, its share in the project will increase to 100%.

After Russia announced a special operation in Ukraine, Western countries imposed sanctions against Moscow, and a group of Western companies announced their withdrawal from the Russian market.

An analytical study by the Novosti agency revealed the amount of losses suffered by European, American and Japanese companies after they left the Russian market after February 24.

The Western business sector is estimated to have suffered over $70 billion in losses as a result of leaving Russia.

Source: Prime

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