Published by Global Banking & Finance Review®
Posted on May 26, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GooglePutin approved BurService's acquisition of Aggreko's Russian assets, amid tightened foreign asset sales rules in the energy sector.
MOSCOW (Reuters) -Russian President Vladimir Putin on Monday signed a decree that gave Russian company BurService permission to buy Russian assets owned by energy solutions provider Aggreko, according to a document published on the Russian government portal.
Moscow has steadily tightened restrictions on foreign asset sales since the start of the conflict in Ukraine, with any transactions involving the energy and finance sectors requiring Putin's approval.
BurService and Aggreko did not immediately respond to requests for comment. The decree did not specify the value of the deal.
BurService was formed as a result of the departure from Russia by oilfield services company Halliburton in 2022.
Halliburton in September 2022 said it had sold its Russia operations to a Russia-based management team made up of former Halliburton employees.
Halliburton no longer conducts operations in Russia and BurService is an independent company.
(Writing by Alexander MarrowEditing by Tomasz Janowski)
Russian company BurService received approval from President Vladimir Putin to buy the Russian assets owned by Aggreko.
Since the start of the conflict in Ukraine, Moscow has tightened restrictions on foreign asset sales, requiring presidential approval for transactions in the energy and finance sectors.
BurService was formed following the departure of Halliburton from Russia in 2022, and it is now an independent company.
Neither BurService nor Aggreko immediately responded to requests for comment regarding the acquisition.
Halliburton no longer conducts operations in Russia and had previously sold its Russia operations to a management team made up of former employees.
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