The parties do not disclose the financial terms of the deal, however, given the lack of other options, most likely foreign investors had to part with the Russian business at a significant discount. Recently, the sale of assets in Russia at a symbolic low price has become common practice — one can recall the same AvtoVAZ, which Renault sold for just one ruble.
Among the conditions set by Shell's management when selling Russian assets was the preservation of the staff of the company "Shell Neft". The final completion of the deal will occur after approval by the Federal Antimonopoly Service of the Russian Federation.
