SLB Implements Global Ban on Supplying Equipment to Russia Amid Ukraine Invasion
Major American oilfield services companies, including SLB (formerly Schlumberger), Baker Hughes, and Halliburton, supplied Russia with millions of dollars worth of equipment for months after its invasion of Ukraine, sustaining a critical part of Russia's economy despite Western sanctions. SLB recently announced it would halt exports to Russia as The Associated Press prepared to publish a report on the companies' Russian operations. The customs data obtained by B4Ukraine and vetted by The AP show that Russia imported over 5,500 items worth more than $200 million from the top five U.S. firms in the sector in the year following the invasion. While oil majors like Exxon, Shell, and BP quickly withdrew from Russia, the oilfield services companies continued their operations, with SLB even growing its business.