News

Russian oil giant Lukoil calls for halt to Ukraine war

March 3, 2022 10:54 PM


Twitter Share Facebook Share WhatsApp Share

Russian oil giant Lukoil on Thursday called for an immediate halt to fighting in Ukraine, one of the first major domestic firms to speak out against Moscow's invasion of its pro-Western neighbor.

The board "expresses its concern over the ongoing tragic events in Ukraine and its deepest sympathy to all those affected by this tragedy," the company said in a statement. 

"We stand for the immediate cessation of the armed conflict and fully support its resolution through the negotiation process and through diplomatic means," its note added.

Russian President Vladimir Putin has pressed ahead with his assault against Ukraine, which he announced last week despite warning from the West of sanctions that would cripple the economy.

The penalties, now introduced, have seen the ruble plunge and the Moscow stock exchange closed for several days, with the country on the brink of its worst economic crisis for decades.

Prominent Russian businessmen outside of the country have been expressing concern over the economic impact of the invasion, but Lukoil's statement is among the first such statements from a major company at home.

Lukoil said it would continue in its efforts to "provide reliable energy supplies to consumers around the world" and that it was "committed to strengthening peace, international relations and humanitarian ties."

As part of the sanctions package, the French government on Thursday said it had seized a superyacht owned by a company linked to Igor Sechin, chief executive of Russian energy giant Rosneft and close Putin.

 

 



Most Read

  1. Mexican claims victory by paying $28 for $28,000 Cartier earrings Mexican claims victory by paying $28 for $28,000 Cartier earrings
  2. Two Railway Police personnel killed in Mardan Two Railway Police personnel killed in Mardan
  3. Ducky Bhai pledges million-rupee reward for unveiling source of deepfake video of his wife Ducky Bhai pledges million-rupee reward for unveiling source of deepfake video of his wife
  4. Relationships are tough; Mrunal Thakkur plans to freeze her eggs Relationships are tough; Mrunal Thakkur plans to freeze her eggs
  5. When Pakistani pilot shot down Israeli fighter plane When Pakistani pilot shot down Israeli fighter plane
  6. Gunmen storm Lucky Cement factory, kill security guard Gunmen storm Lucky Cement factory, kill security guard

Opinion

  1. PML-N smashed PTI in by-polls
    PML-N smashed PTI in by-polls

    By News Desk

  2. Riding the Digital Wave: How Technology is Rewriting the Script of Economic Prosperity
    Riding the Digital Wave: How Technology is Rewriting the Script of Economic Prosperity

    By News Desk

  3. Tax on solar energy: Govt's misplaced priorities favour powerful stakeholders over people welfare  
    Tax on solar energy: Govt's misplaced priorities favour powerful stakeholders over people welfare  

    By Manzoor Qadir

  4. Legacy of Indian military subjugation in Kashmir
    Legacy of Indian military subjugation in Kashmir

    By Dr Ghulam Nabi Fai

  5. Islamabad becoming the hub of international diplomacy
    Islamabad becoming the hub of international diplomacy

    By Salim Bokhari

  6. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir