Halliburton suspends future business in Russia

Halliburton Company has issued the following press release:

FOR IMMEDIATE RELEASE – HOUSTON – March 18, 2022 – Halliburton Company (NYSE: HAL) today announced it immediately suspended future business in Russia as the company complies with sanctions that prohibit transactions and work, including for certain state-owned Russian customers. Halliburton will prioritize safety and reliability as we wind down our remaining operations in Russia.

Several weeks ago, the company halted all shipments of specific sanctioned parts and products to Russia. Halliburton has no active joint ventures there.

“The war in Ukraine deeply saddens us. We have employees in both Ukraine and Russia, and the conflict greatly impacts our people, their families, and loved ones throughout the region,” said Halliburton Chairman, President and CEO Jeff Miller. “Since the start of this conflict, we prioritized employee safety and compliance with all relevant sanctions.”