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Ukraine war

Shell exits Russia's Sakhalin-2: Five things to know

Oil and gas stakes expose Asia to sanctions risk

A tanker loads LNG from the Sakhalin-2 project at the port of Prigorodnoye, Russia.   © AP

TOKYO -- The escalating global response to Russia's invasion of Ukraine is starting to hit Moscow where it is most vulnerable: the ruble and energy, its top export.

The latest example is Shell's announcement on Tuesday that it will divest its 27.5% stake in the Sakhalin-2 energy project. The move follows Germany's halting of the Nord Stream 2 gas pipeline and BP's announcement that it will sell its 20% stake in Russian state-owned oil company Rosneft.

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