TOTAL: STICKS WITH RUSSIA
When Russian billionaire Gennady Timchenko was presented with France's highest honor, the Légion d'honneur, last autumn, the award recognized his contribution to Franco-Russian economic ties—in particular his role in supporting oil major Total SA's growth ambitions.
Now Mr. Timchenko, the co-founder of oil trading company Gunvor and the largest shareholder in gas company OAO Novatek, is one of the most prominent Russian businessmen placed under sanctions by the U.S. Government in protest at Russia's actions in Ukraine.
But Total is standing by its man and, in line with other oil majors including Exxon Mobil…
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