Baker Hughes suspends new investments for its Russia operations

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Baker Hughes suspends new investments for its Russia operations
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Oilfield services provider Baker Hughes said on Saturday that it has suspended new investments for its Russia operations.

A Baker Hughes sign is displayed outside the oil logistics company's local office in Sherwood Park, near Edmonton, Alberta, Canada November 13, 2016. REUTERS/Chris Helgren//File Photosaid on Saturday that it has suspended new investments for its Russia operations.

Baker Hughes "is continuing to comply with applicable laws and sanctions as it fulfills current contractual obligations," it said in a statement.

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