Announcement
23 Mar 2024
In March 2024, Shell received the government authorisation to sell its share in the Sakhalin-2 operator to Sakhalin Project LLC (Gazprom's subsidiary) and repatriate capital from Russia. The government also declared invalid its previous authorisation of Shell's share to Novatek's subsidiary.
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Number of interventions
2
0 certainly harmful
0 likely harmful
2 liberalising
List of interventions
2 in force
Implementation date
23 Mar 2024
Revocation date:
No revocation date
FDI: Treatment and operations, nes
In force
On 23 March 2024, the government of Russia issued Decree No. 701-р, authorising Shell to divest from the Sakhalin-2 project by selling its share to Sakhalin Project LLC (Gazprom's subsidiary). The gov...
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Controls on commercial transactions and investment instruments
In force
On 23 March 2024, the government of Russia issued Decree No. 701-р, authorising Shell to sell its 27.5% share in the Sakhalin-2 operator (Sakhalin Energy) to Sakhalin Project LLC (Gazprom's subsidiary...
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