Responding to Russian attack on Ukraine, Wintershall Dea announced that its AG’s Management Board decided to stop advancing or developing new oil and gas projects in Russia and to write off its financing of Nord Stream 2 totalling around 1 billion euros.

In a personal statement, Wintershall Dea’s Chief Executive, Mario Mehren, emphasised that the Russian President’s war of aggression against Ukraine has shaken the foundations of the company’s work in Russia to the core. The brutal attack is causing unimaginable suffering and marks a turning point.

However, the company affirmed “Wintershall Dea remains active in GASCADE Gastransport GmbH. GASCADE operates a 3,200 km gas pipeline network in Germany: critical infrastructure for gas transport in Germany and Europe. Wintershall Dea remains involved in the existing Yuzhno Russkoye and Achimov natural gas production projects in Siberia. The projects produce natural gas for European energy supply.”