Austrian Fossil-Fuel Company to Book Charges Up to $2 Billion for Russia Exit

Austrian Fossil-Fuel Company to Book Charges Up to $2 Billion for Russia Exit

(Bloomberg) -- OMV AG, Austria’s biggest fossil-fuel company, will book charges of as much as 1.8 billion euros ($2 billion) related to the Nord Stream 2 pipeline and its investment in a giant natural gas field as it quits most Russian projects following the country’s invasion of Ukraine.

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