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Glencore Halts New Russian Deals But Isn’t Quitting Country

  • Commodities giant completes monthlong review of business there
  • Says there’s currently no realistic way to exit Russian stakes
Updated on

Glencore Plc, the world’s biggest commodity trader, said it won’t seek new deals in Russia but will continue its long-standing business ties in the country.

The company at the start of March announced it was reviewing its shareholdings in two large Russian firms -- En+ Group International PJSC and Rosneft PJSC -- as well as its wider trading operations in the country.