Latest Joint ventures News

Shell says Russia exit has already cost $5 billion

Apr. 07, 2022 05:28 AM EDT

LONDON (AP) — Shell says its decision to pull out of Russia in response to the country’s invasion of Ukraine has already cost the international energy giant as much as $5 billion. The reduced value of Russian assets, credit losses and “onerous” contract terms will cut...

India to boost arms output, fearing shortfall from Russia

Apr. 07, 2022 04:20 AM EDT

NEW DELHI (AP) — India on Thursday said it would ramp up its production of military equipment, including helicopters, tank engines, missiles and airborne early warning systems, to offset any potential shortfall from its main supplier Russia. India depends on Russia for nearly 60%...