Halliburton to curtail work on some contracts in Russia until May 15

The transnational oilfield services corporation Halliburton will curtail work on some contracts in Russia by mid-May in connection with the sanctions imposed on Moscow, Report informs citing TASS that the company said in a statement on Friday.

"In accordance with the existing sanctions, we are required to curtail work on certain contracts in Russia until May 15, 2022," the text says.

In March, the company announced a gradual reduction in the volume of its activities in Russia and the suspension of further business development in light of the restrictions.