Skip Navigation
Ukraine @sopuli.xyz
zabadoh @lemmy.ml

Halliburton equipment worth $7.1m imported into Russia in past year, customs records show

5 comments

  • This is the best summary I could come up with:

    US oil and gas multinationals are facing fresh questions over their trade with Russia after customs records revealed that more than $7.1m (£5.7m) worth of equipment manufactured by Halliburton has been exported into the country since it announced the end of its Russian operations.

    Last September Halliburton, one of the world’s largest providers of products and services for oil and gas exploration, sold its Russian office to local management amid pressure on all US companies to cease their trade after the invasion of Ukraine.

    According to customs records, exports to Russia of Halliburton equipment, which range in type from pumps, to wrenches for the drilling of wells, and cement additives, continued until at least the end of June this year.

    Earlier this month, the head of the US Senate foreign relations committee, Bob Menendez, wrote to Halliburton and their competitors SLB and Baker Hughes, after reports that the companies had continued to trade with Russia to various degrees after the invasion of Ukraine in February last year.

    Halliburton, which was led by the former US vice-president Dick Cheney, posted a gross profit for the 12 months ending 30 June 2023 of $4.052bn, a 63.19% increase year-on-year despite writing off $300m on the sale of the Russian operation.

    Glib Kanevskyi, chief executive of the Kyiv-based thinktank StateWatch, said that western governments needed to do more to persuade their large companies to better control the distribution of products which could be useful to the Russian economy.

    The original article contains 915 words, the summary contains 244 words. Saved 73%. I'm a bot and I'm open source!