Halliburton comments on Russia operations and sanctions compliance

Source: press release, 18 March 2022

photo: Halliburton Company
photo: Halliburton Company

Halliburton Company has announced it has 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 prioritise safety and reliability as it winds down the Company’s 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,” says Halliburton Chairman, President and CEO Jeff Miller. “Since the start of this conflict, we prioritised employee safety and compliance with all relevant sanctions.”