SLB's oil service actions in Russia do not violate US sanctions.

US State Dept: Oil service firm SLB not violating Russia sanctions. Assistant Secretary of State Geoffrey Pyatt confirms SLB's actions are within rules set by OFAC, Treasury, and price cap coalition. SLB has helped Russia maintain oil flow amid sanctions, generating funds for the war. The US seeks to reduce Moscow's energy revenue through sanctions, prompting many service companies to leave Russia.

May 01, 2024
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