The invasion of Ukraine prompted a huge range of companies to withdraw from Russia, including energy giants BP Plc and Exxon Mobil Corp. Attention has now shifted to the country’s energy exports, a crucial source of revenue for President Vladimir Putin’s government.
In the US, key lawmakers announced the outline of bipartisan legislation to bar imports of Russian oil into the US European countries, which are more dependent on Russian crude, have so far shied away from a ban, but pressure is growing on companies that continue to receive the country’s energy exports.
Photo: Bloomberg
