Russia Pursues Over €1 Billion in Damages from Shell

The lawsuit follows Shell's exit from Russia after the 2022 invasion of Ukraine, with a court hearing set for December.

Russia's General Prosecutor's Office has filed a lawsuit against Shell seeking more than €1 billion in damages.
The legal action is tied to Shell's withdrawal from the Sakhalin-2 oil and gas field, where it held a 27.5% stake.
Following Shell's exit, the Russian government seized the Sakhalin-2 assets and transferred them to a domestic entity.
Shell faced a $5 billion write-down on its assets due to its departure from Russia and subsequent asset seizure.
The Moscow Arbitration Court has scheduled a hearing for the case on December 11, with multiple Shell entities named as defendants.