Western companies head for the exit in Russia as sanctions tighten

Photo caption: An illuminated BP logo is seen at a petrol station in Gateshead, Britain September 23, 2021. REUTERS / Lee Smith / File Photo. Article by Ron Bousso, Dmitry Zhdannikov, Carolyn Cohn and Saeed Azhar. Reuters – February 28, 2022.

• Shell to exit Russia operations
• Pressure on other energy companies to follow suit
• Shares hit in firms with Russian assets
• Some Russian banks shut out from SWIFT
• Europe, Canada close airspace, Russia retaliates

Feb 28 (Reuters) – Energy giant BP, global bank HSBC and the world’s biggest aircraft leasing firm AerCap joined a growing list of companies looking to exit Russia on Monday, as Western sanctions tightened the screws on Moscow over its invasion of Ukraine. […]

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