French LNG cargo containment system design specialist GTT is pulling out of Russian business worth €86m ($91m) and ending its work in the country.
GTT said: “Following an in-depth analysis of European sanction packages No 8 and 9 notably prohibiting engineering services with Russian companies, the group announces that it is ceasing its activities in Russia.”
The company said: “GTT’s order book will no longer include projects in Russia in the future.
