The announcement came after UK Foreign Secretary Liz Truss said more than three million Russian companies, including Gazprom, would be unable to access funding from London-based financial institutions because of new sanctions
A view of the premises of the Novokuibyshevsk Refinery, a subsidiary of Rosneft Oil Company, in the city of Novokuibyshevsk 20 km southwest of Samara, Russia. (Photo by Yegor Aleyev\TASS via Getty Images)
London, United Kingdom: Oil giant Shell on Monday said that it planned to sell its stake in all joint ventures with Gazprom after Russia's invasion of Ukraine.
The announcement came after UK Foreign Secretary Liz Truss said more than three million Russian companies, including Gazprom, would be unable to access funding from London-based financial institutions because of new sanctions.
That will mean they will "no longer be able to issue debt or equity in London", she told parliament.
European football's governing body UEFA also ended its estimated 40-million-euro sponsorship deal with Gazprom and this season's Champions League final was moved from the Gazprom Arena in Saint Petersburg.