The newspaper “Kommersant” citing sources knowledgeable About Novatek’s intention to purchase Shell’s share (27.5%) in the Sakhalin-2 project. According to the publication, the company has already reported this to the government of the Russian Federation.
According to the publication, Novatek also wanted to speed up the process of assessing the damage to Sakhalin-2 from Shell’s activities.
At the end of February 2023, Deputy Prime Minister Alexander Novak announced that there were no applications for the purchase of shares of Shell. Novak also announced that the damage assessment work on the project arising from the activities of foreign shareholders will be completed in the near future. According to the Cabinet of Ministers of the Russian Federation, the cost of Shell’s share is 94.8 billion rubles.
As before knowledgeable socialbites.ca, August 5, 2022, Russian President Vladimir Putin signed a decree on the implementation of special economic measures in the financial and fuel and energy sectors due to the hostile actions of certain countries and international organizations. Putin expanded the ban on dealing with the assets of foreigners from unfriendly countries in a number of areas. Implemented restrictions may be repeatedly extended by the President of Russia.