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French energy giant TotalEnergies has officially completed its divestment from Russia’s Arctic LNG 2 facility, citing international sanctions and geopolitical pressures. The company now intends to allocate approximately $1.3 billion from the transaction toward repaying existing loans.
French authorities have detained the Russian captain of the oil tanker 'Tagor,' which is suspected of being part of Russia's 'shadow fleet.' The detention follows the seizure of the vessel by France.
Moscow has issued stern warnings to the United Kingdom and broader European allies, threatening retaliation over the supply of long-range missiles to Ukraine. The diplomatic tensions coincide with heightened security alerts and strategic communications from Western intelligence officials.
French oil company TotalEnergies announced its withdrawal from its stake in the Arctic LNG 2 natural gas extraction and production project in Russia, as stated by CEO Patrick Pouyanné.