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Russia moves to take control of Sakhalin-2 project

Russia has moved to take over a major oil and gas project in which Shell has a 27.5% stake.
 
Russian President Vladimir Putin signed a decree yesterday to take charge of the Sakhalin-2 project.
 
The move could force Shell and Japan's Mitsui and Mitsubishi to abandon their investments as the economic fallout of the Ukraine war spreads.


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