This is stated in a press release from the company.
“In light of recent events, OMV is reviewing its participation in projects in Russia.
Despite the fact that Russia is one of the key regions in OMV's exploration and production portfolio, the Executive Board has decided not to make any future investments in Russia.
Earlier, sporting goods manufacturer Puma announced the suspension of its stores in Russia in connection with the events in Ukraine.
Volvo, Scania and Ericsson also announced the suspension of business in Russia.
The IMF said that sanctions against Russia will have a significant impact on the global economy.