OMV takes 2bn euro charge on Russian turmoil
- Date: 08-Apr-2022
- Source: Energy Voice
- Sector:Financial Markets
- Country:Gulf
OMV takes 2bn euro charge on Russian turmoil
OMV has taken a charge of around 2 billion euros ($2.17 billion) on the exit of its Russian holdings.
As of March 5, OMV fully impaired its stake in Nord Stream 2, an amount of 1bn euros ($1.09bn). This is a non-cash charge, it said, taken in the first quarter.
OMV has also taken a 1bn euro charge on its operations at the Yuzhno Russkoye gas field. This was made up of an 800 million euro ($868.5mn) non-cash charge and another 200mn euros ($217.1mn) impact as a result of currency effects.
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