French energy giant TotalEnergies says it will not invest in further projects in Russia. AFP
French energy giant TotalEnergies says it will not invest in further projects in Russia. AFP
French energy giant TotalEnergies says it will not invest in further projects in Russia. AFP
French energy giant TotalEnergies says it will not invest in further projects in Russia. AFP

Business

Energy

TotalEnergies declares support for EU sanctions against Russia

The French energy giant will no longer provide capital for new projects in Russia

Massoud A Derhally
Massoud A Derhally

March 01, 2022

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French energy giant TotalEnergies said on Tuesday it supports EU sanctions against Russia in response for its military offensive in Ukraine but the company stopped short of saying it would divest or pull out of the country.

The move comes after rival BP agreed to unload its Rosneft 20 per cent stake and Shell said it will end its alliance with Gazprom as well. Exxon holds a 30 per cent stake, alongside Rosneft, Japan's Sodeco and India's ONGC Videsh, in the Sakhalin Island oil and gas fields in Russia’s far east.

"TotalEnergies supports the scope and strength of the sanctions put in place by Europe and will implement them regardless of the consequences [currently being assessed] on its activities in Russia," the company said.

TotalEnergies said it will no longer provide capital for new projects in Russia and that it "condemns" Russia's military offensive in Ukraine.

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The company said it expresses its "solidarity with the Ukrainian people who are suffering the consequences and with the Russian people who will also suffer the consequences".

TotalEnergies is "mobilised to provide fuel to the Ukrainian authorities and aid to Ukrainian refugees in Europe", the company said.

TotalEnergies holds a 19.4 per cent interest in Novatek as well as other oil and gas projects in Russia, according to its website.

“Stricter rules around access to the international financial system could hurt international oil companies’ ability to receive dividends and other payments,” according to global consultancy Wood Mackenzie. “Targeted sanctions against their Russian partners seem unlikely, but would present a much more profound challenge.”

BP shares fell about 7 per cent after the company announced its decision to divest from Russia.

Ukraine-Russia crisis - in pictures

A monitor displays a projectile striking the regional state administration building in Kharkiv, as the Russian invasion continues. Reuters
A monitor displays a projectile striking the regional state administration building in Kharkiv, as the Russian invasion continues. Reuters
People help a wounded woman in the aftermath of Russian shelling in Kharkiv. EPA
People help a wounded woman in the aftermath of Russian shelling in Kharkiv. EPA
Ukrainian emergency service personnel carry the body of a victim following shelling in Kharkiv. AP
Ukrainian emergency service personnel carry the body of a victim following shelling in Kharkiv. AP
Students who fled the conflict rest in a refugee camp in Voluntari, Romania. AP
Students who fled the conflict rest in a refugee camp in Voluntari, Romania. AP
Members of an Ukrainian civil defence unit pass new assault rifles to the opposite side of a blown-up bridge on Kiev’s northern front. AFP
Members of an Ukrainian civil defence unit pass new assault rifles to the opposite side of a blown-up bridge on Kiev’s northern front. AFP
Civilians cross a river on Kiev's northern front. AFP
Civilians cross a river on Kiev's northern front. AFP
A woman takes photos of a destroyed accommodation building near a checkpoint in Brovary, outside Kiev. AP
A woman takes photos of a destroyed accommodation building near a checkpoint in Brovary, outside Kiev. AP
The city hall of Kharkiv, damaged by Russian shelling. AFP
The city hall of Kharkiv, damaged by Russian shelling. AFP
Debris litters the square outside the damaged Kharkiv city hall. AFP
Debris litters the square outside the damaged Kharkiv city hall. AFP
A Ukrainian woman sleeps on the floor of the railway station in Zahonyi close to the Hungary/Ukraine border. AFP
A Ukrainian woman sleeps on the floor of the railway station in Zahonyi close to the Hungary/Ukraine border. AFP
A medical worker attends to wounded man at a hospital in Brovary, outside Kiev. AP
A medical worker attends to wounded man at a hospital in Brovary, outside Kiev. AP
Refugees from Ukraine in a tent at the Medyka border crossing, Poland. AP
Refugees from Ukraine in a tent at the Medyka border crossing, Poland. AP
Debris outside the regional administration building, which city officials said was hit by a missile, in Kharkiv. Reuters
Debris outside the regional administration building, which city officials said was hit by a missile, in Kharkiv. Reuters
A student evacuated from Ukraine is embraced by her family after arriving at Tunis-Carthage International Airport in Tunisia. AFP
A student evacuated from Ukraine is embraced by her family after arriving at Tunis-Carthage International Airport in Tunisia. AFP
Rescuers in a building damaged by a missile in central Kharkiv. Reuters
Rescuers in a building damaged by a missile in central Kharkiv. Reuters
An ambulance is visible through the damaged window of a vehicle hit by bullets in Kiev, Ukraine. Reuters
An ambulance is visible through the damaged window of a vehicle hit by bullets in Kiev, Ukraine. Reuters
Territorial defence members prepare to head out on patrol in Kiev. EPA
Territorial defence members prepare to head out on patrol in Kiev. EPA
UN Secretary General Antonio Guterres delivers a speech on screen during the opening of the 49th session of the UN Human Rights Council in Geneva, Switzerland. AP
UN Secretary General Antonio Guterres delivers a speech on screen during the opening of the 49th session of the UN Human Rights Council in Geneva, Switzerland. AP
A policeman detains a young demonstrator during a protest against Russia's attack on Ukraine in St Petersburg, Russia. AP
A policeman detains a young demonstrator during a protest against Russia's attack on Ukraine in St Petersburg, Russia. AP
Local residents in Zhytomyr, Ukraine, prepare Molotov cocktails. Reuters
Local residents in Zhytomyr, Ukraine, prepare Molotov cocktails. Reuters
Residents clean a bomb shelter under an out-of-service cinema in central Zhytomyr. Reuters
Residents clean a bomb shelter under an out-of-service cinema in central Zhytomyr. Reuters
Ukrainian volunteers tear cloth into strips to make camouflage nets in Lviv, western Ukraine. AP
Ukrainian volunteers tear cloth into strips to make camouflage nets in Lviv, western Ukraine. AP
Part of the military convoy north-west of Invankiv, Ukraine. AP
Part of the military convoy north-west of Invankiv, Ukraine. AP
Mark Goncharuk, a young boy from Kiev, leaves his father behind as he travels with the rest of his family towards the border. Reuters
Mark Goncharuk, a young boy from Kiev, leaves his father behind as he travels with the rest of his family towards the border. Reuters
People hold an anti-war protest outside the Russian Embassy in Mexico City, Mexico. Reuters
People hold an anti-war protest outside the Russian Embassy in Mexico City, Mexico. Reuters
A crater caused by shelling on the outskirts of Kiev. AFP
A crater caused by shelling on the outskirts of Kiev. AFP
People queue outside a grocery store in the Ukrainian capital. EPA
People queue outside a grocery store in the Ukrainian capital. EPA
Ukrainian soldiers stand at Maidan Nezalezhnosti, or Independence Square, in Kiev. EPA
Ukrainian soldiers stand at Maidan Nezalezhnosti, or Independence Square, in Kiev. EPA
Vladimir Medinsky, the head of the Russian delegation, second left, and Davyd Arakhamia, faction leader of the Servant of the People party in the Ukrainian Parliament, third right, attend the peace talks in the Gomel region of Belarus. AP
Vladimir Medinsky, the head of the Russian delegation, second left, and Davyd Arakhamia, faction leader of the Servant of the People party in the Ukrainian Parliament, third right, attend the peace talks in the Gomel region of Belarus. AP
People who have fled the Russian invasion in Ukraine, clamour to board a bus bound for a refugee centre established in Przemysl, Poland. Reuters
People who have fled the Russian invasion in Ukraine, clamour to board a bus bound for a refugee centre established in Przemysl, Poland. Reuters
Hanna Pavlovna Lukasz, from Mirhord, Ukraine, said her sons, aged 12 and 8, and her 66-year-old mother had been waiting on the Ukrainian side of the border crossing with Medyka, Poland, for four days. AP
Hanna Pavlovna Lukasz, from Mirhord, Ukraine, said her sons, aged 12 and 8, and her 66-year-old mother had been waiting on the Ukrainian side of the border crossing with Medyka, Poland, for four days. AP
A volunteer from Kiev prepares a rear post with trenches in the city. AFP
A volunteer from Kiev prepares a rear post with trenches in the city. AFP
A child being treated for cancer rests in the bomb shelter of the oncology ward at a hospital in Kiev. Getty
A child being treated for cancer rests in the bomb shelter of the oncology ward at a hospital in Kiev. Getty
Police officers check occupants of a suspicious car in Kiev, as Russia's invasion of Ukraine continues. Reuters
Police officers check occupants of a suspicious car in Kiev, as Russia's invasion of Ukraine continues. Reuters
A woman from Ukraine uses a phone to listen to a speech by President Volodymyr Zelenskyy at a refugee shelter in Beregsurany, Hungary. Reuters
A woman from Ukraine uses a phone to listen to a speech by President Volodymyr Zelenskyy at a refugee shelter in Beregsurany, Hungary. Reuters
Shelves empty of bread after a curfew was lifted as Russia's invasion of Ukraine continues, in Kiev. Reuters
Shelves empty of bread after a curfew was lifted as Russia's invasion of Ukraine continues, in Kiev. Reuters
Ukrainian Defence Minister Oleksii Reznikov, left, and President Zelenskyy. AFP
Ukrainian Defence Minister Oleksii Reznikov, left, and President Zelenskyy. AFP
Snow-covered shoes donated for those fleeing the Russian invasion of Ukraine at the border crossing in Medyka, Poland. Reuters
Snow-covered shoes donated for those fleeing the Russian invasion of Ukraine at the border crossing in Medyka, Poland. Reuters
People who have fled Ukraine wait for a bus to transport them away from the border crossing in Medyka. Reuters
People who have fled Ukraine wait for a bus to transport them away from the border crossing in Medyka. Reuters
Norwegian soldiers of the Nato-enhanced forward presence battalion pose at a military plane as they arrive at an airport in Kaunas, Lithuania. AP
Norwegian soldiers of the Nato-enhanced forward presence battalion pose at a military plane as they arrive at an airport in Kaunas, Lithuania. AP
A person fleeing Ukraine sits during snowfall at a temporary camp in Przemysl, Poland. Reuters
A person fleeing Ukraine sits during snowfall at a temporary camp in Przemysl, Poland. Reuters
Footage reportedly of Russian Buk missile system vehicles on a road before a drone strike near Malyn, Ukraine. Reuters
Footage reportedly of Russian Buk missile system vehicles on a road before a drone strike near Malyn, Ukraine. Reuters
An explosion after what are said to be Russian Buk missile system vehicles on a road are struck by a drone. Reuters
An explosion after what are said to be Russian Buk missile system vehicles on a road are struck by a drone. Reuters
The monument to Russian troops from the Second World War, after the figures’ hands were painted red, at the Red Army memorial in Sofia, Bulgaria. EPA
The monument to Russian troops from the Second World War, after the figures’ hands were painted red, at the Red Army memorial in Sofia, Bulgaria. EPA
The Peace Tower on Parliament Hill in Ottawa, Canada, is lit up with the colours of Ukraine’s national flag in a show of support. AP
The Peace Tower on Parliament Hill in Ottawa, Canada, is lit up with the colours of Ukraine’s national flag in a show of support. AP
Russian President Vladimir Putin visits the construction site of the National Space Agency on the premises of the Khrunichev State Research and Production Space Centre, in Moscow. EPA
Russian President Vladimir Putin visits the construction site of the National Space Agency on the premises of the Khrunichev State Research and Production Space Centre, in Moscow. EPA
A man looks out from a train, at the railway station in Lviv, Ukraine. The UN has estimated the conflict could produce as many as four million refugees. AP
A man looks out from a train, at the railway station in Lviv, Ukraine. The UN has estimated the conflict could produce as many as four million refugees. AP
A Ukrainian boy waits for his mother after passing the border crossing point in Siret, northern Romania. EPA
A Ukrainian boy waits for his mother after passing the border crossing point in Siret, northern Romania. EPA
Russian policemen detain a demonstrator in St Petersburg, during a protest against the country's military actions in Ukraine. EPA
Russian policemen detain a demonstrator in St Petersburg, during a protest against the country's military actions in Ukraine. EPA
Ukrainian soldiers at a check point in the city of Zhytomyr. Reuters
Ukrainian soldiers at a check point in the city of Zhytomyr. Reuters
Residents prepare petrol bombs to defend the city, in Uzhhorod, Ukraine. Reuters
Residents prepare petrol bombs to defend the city, in Uzhhorod, Ukraine. Reuters
A pro-Russian fighter sits inside a tank in the separatist self-proclaimed Luhansk People's Republic, in the Luhansk region, Ukraine. Reuters
A pro-Russian fighter sits inside a tank in the separatist self-proclaimed Luhansk People's Republic, in the Luhansk region, Ukraine. Reuters
Russian President Vladimir Putin, right, speaks to Defence Minister Sergei Shoigu, second left, and Head of the General Staff of the Armed Forces and First Deputy Defence Minister Valery Gerasimov, left, during their meeting in Moscow. AP
Russian President Vladimir Putin, right, speaks to Defence Minister Sergei Shoigu, second left, and Head of the General Staff of the Armed Forces and First Deputy Defence Minister Valery Gerasimov, left, during their meeting in Moscow. AP
Ukrainians and supporters gather during a demonstration in front of the Greek Parliament in Athens against the Russian military's operation in Ukraine. AFP
Ukrainians and supporters gather during a demonstration in front of the Greek Parliament in Athens against the Russian military's operation in Ukraine. AFP
Ukrainian Territorial Defence fighters test an automatic grenade launcher taken from a destroyed Russian infantry mobility vehicla after a battle in Kharkiv. AFP
Ukrainian Territorial Defence fighters test an automatic grenade launcher taken from a destroyed Russian infantry mobility vehicla after a battle in Kharkiv. AFP
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1) Beware of cheques presented late on Thursday

2) Visit an RTA centre to change registration only after receiving payment

3) Be aware of people asking to test drive the car alone

4) Try not to close the sale at night

5) Don't be rushed into a sale 

6) Call 901 if you see any suspicious behaviour

Hili 2: Unesco World Heritage site

The site is part of the Hili archaeological park in Al Ain. Excavations there have proved the existence of the earliest known agricultural communities in modern-day UAE. Some date to the Bronze Age but Hili 2 is an Iron Age site. The Iron Age witnessed the development of the falaj, a network of channels that funnelled water from natural springs in the area. Wells allowed settlements to be established, but falaj meant they could grow and thrive. Unesco, the UN's cultural body, awarded Al Ain's sites - including Hili 2 - world heritage status in 2011. Now the most recent dig at the site has revealed even more about the skilled people that lived and worked there.

UAE currency: the story behind the money in your pockets
The%20specs
%3Cp%3E%3Cstrong%3EPowertrain%3A%20%3C%2Fstrong%3ESingle%20electric%20motor%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E201hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E310Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E53kWh%20lithium-ion%20battery%20pack%20(GS%20base%20model)%3B%2070kWh%20battery%20pack%20(GF)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E350km%20(GS)%3B%20480km%20(GF)%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C900%20(GS)%3B%20Dh149%2C000%20(GF)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
Can NRIs vote in the election?

Indians residing overseas cannot cast their ballot abroad

Non-resident Indians or NRIs can vote only by going to a polling booth in their home constituency

There are about 3.1 million NRIs living overseas

Indians have urged political parties to extend the right to vote to citizens residing overseas

A committee of the Election Commission of India approved of proxy voting for non-resident Indians

Proxy voting means that a person can authorise someone residing in the same polling booth area to cast a vote on his behalf.

This option is currently available for the armed forces, police and government officials posted outside India

A bill was passed in the lower house of India’s parliament or the Lok Sabha to extend proxy voting to non-resident Indians

However, this did not come before the upper house or Rajya Sabha and has lapsed

The issue of NRI voting draws a huge amount of interest in India and overseas

Over the past few months, Indians have received messages on mobile phones and on social media claiming that NRIs can cast their votes online

The Election Commission of India then clarified that NRIs could not vote online

The Election Commission lodged a complaint with the Delhi Police asking it to clamp down on the people spreading misinformation

Diriyah%20project%20at%20a%20glance
%3Cp%3E-%20Diriyah%E2%80%99s%201.9km%20King%20Salman%20Boulevard%2C%20a%20Parisian%20Champs-Elysees-inspired%20avenue%2C%20is%20scheduled%20for%20completion%20in%202028%0D%3Cbr%3E-%20The%20Royal%20Diriyah%20Opera%20House%20is%20expected%20to%20be%20completed%20in%20four%20years%0D%3Cbr%3E-%20Diriyah%E2%80%99s%20first%20of%2042%20hotels%2C%20the%20Bab%20Samhan%20hotel%2C%20will%20open%20in%20the%20first%20quarter%20of%202024%0D%3Cbr%3E-%20On%20completion%20in%202030%2C%20the%20Diriyah%20project%20is%20forecast%20to%20accommodate%20more%20than%20100%2C000%20people%0D%3Cbr%3E-%20The%20%2463.2%20billion%20Diriyah%20project%20will%20contribute%20%247.2%20billion%20to%20the%20kingdom%E2%80%99s%20GDP%0D%3Cbr%3E-%20It%20will%20create%20more%20than%20178%2C000%20jobs%20and%20aims%20to%20attract%20more%20than%2050%20million%20visits%20a%20year%0D%3Cbr%3E-%20About%202%2C000%20people%20work%20for%20the%20Diriyah%20Company%2C%20with%20more%20than%2086%20per%20cent%20being%20Saudi%20citizens%0D%3C%2Fp%3E%0A

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

Updated: March 02, 2022, 8:13 AM`
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