French natural gas supplier Air Liquide SA said on Friday that it is ending its operations in Russia by selling the business to local management for €404 million ($404 million), as Western sanctions imposed after the invasion of Ukraine continue to bite.
French energy company Schneider Electric SE said on Monday that it has entered into an agreement to sell off its Russian subsidiary to the local management as part of its plan to divest assets in the country after the invasion of Ukraine.
Luxembourg's government has frozen €4.2 billion ($4.5 billion) of Russian assets since the country's invasion of Ukraine began in late February, according to the country's finance minister.
Luxembourg's government has frozen €4.2 billion ($4.5 billion) of Russian assets since the country's invasion of Ukraine began in late February, according to the country's finance minister.