(Reuters) – Top oilfield services firm SLB SLB.N yesterday said it is halting shipments of products and technology into Russia from all its operations over an expansion of Western sanctions.
SLB, the world’s largest oil service and equipment provider, was one of the few providers to continue working the country’s oil sector following Russia’s invasion of Ukraine.
The latest ban expands restrictions that had been in place since 2022 to more countries. The move came “in response to the continued expansion of international sanctions” the company said in a statement.
The company, formerly known as Schlumberger, said the Russia ban now applies to all its worldwide operations, not just those in the U.K., U.S., the European Union and Canada.
