Global Trade Alert
Global Trade Alert

Russia: Baker Hughes secures authorisation for divestment from Russia

Announcement

04 Nov 2022

In November 2022, Baker Hughes obtained presidential approval to sell its Russian subsidiaries to Oilfield Service Technologies LLC.

Source

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

1 in force

Implementation date

04 Nov 2023

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On 4 November 2022, the president of Russia signed Order No. 367-rp, authorising the sale of several Russian subsidiaries of Baker Hughes, an American oil field services company, to "Oilfield Service ...

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