Kremlin is said to have ordered sale of Sakhalin-2 project stake and Putin has allowed payment to Shell

Shell could receive nearly £1bn from the sale of a stake in a Russian gas project it exited after the invasion of Ukraine last year.

The Kremlin has reportedly issued an order for the sale of Shell’s former 27.5% stake in the Sakhalin-2 project to Russian energy firm Novatek for 94.8bn roubles (£923m).

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