TotalEnergies to Implement European Sanctions on Russia; Will No Longer Provide Capital for New Projects
March 01 2022 - 4:07AM
Dow Jones News
By Giulia Petroni
TotalEnergies SE said Tuesday that it will no longer provide
capital for new projects in Russia and will implement European
sanctions regardless of consequences on its activities in the
country.
The French oil-and-gas major said it supports the sanctions put
in place by Europe and is currently assessing the effect they will
have on its activities.
The company also said it has mobilized to provide fuel to
Ukrainian authorities as well as aid to Ukrainian refugees in
Europe.
"TotalEnergies condemns Russia's military aggression against
Ukraine, which has tragic consequences for the population and
threatens Europe," it said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 01, 2022 04:52 ET (09:52 GMT)
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