XOM - Halliburton Under Scrutiny for $7.1M Equipment Trade With Russia Eyebrows Raised | Benzinga
Questions are being raised about the trade relationship between U.S. oil and gas companies and Russia following the revelation that equipment worth over $7.1 million from Halliburton Company (NYSE: HAL) has been exported to Russia.
This comes despite Halliburton's announcement last year that it had ceased its operations in the country.
Halliburton sold its Russian office to local management in September 2022.
This move was in response to mounting pressure on American firms to halt trade with Russia after the invasion of Ukraine.
However, Russian customs data indicates that Halliburton's subsidiaries exported equipment valued at $5.7 million to its former Russian operation in the six weeks following the sale, The ...