Putin signs decree allowing acquisition of Baker Hughes Russian assets
The logo of Baker Hughes (BKR) is seen in this image provided July 21, 2020. Baker Hughes/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT
(Reuters) — Russian President Vladimir Putin has signed a decree allowing Russian company Nefteservisnie Tekhnologii to acquire U.S. oilfield services provider Baker Hughes’ Russian assets, a Russian government document published on Friday showed.
Baker Hughes announced in March that it was suspending new investments in Russia after Western countries imposed unprecedented sanctions when Moscow ordered tens of thousands of troops into Ukraine on Feb. 24. In August, Baker Hughes announced it had sold its oilfield services business in Russia to the local management team.
(This story has been refiled to fix day of the week)
