Total Energies received nearly threequarters of a billion dollars ($748m or £647m) in dividends from Russian assets during the first nine months of the year. The French fossil fuel giant's finance chief Jean-Pierre Sbraire revealed the company received around $349m in dividends from its Yamal LNG venture in the third quarter, and $368m from its Novatek shareholding in the second quarter.

Unlike London-based rivals BP and Shell, Totalenergies has held on to several investments in Russia, including minority stakes in Novatek, Yamal and Arctic LNG 2. Sbraire confirmed the group still has $6bn of capital employed in Russia after writing down around $11bn in the first nine months of trading during the year.

(c) 2022 City A.M., source Newspaper