Shell Plc faces write-downs on $400 million in Russian downstream assets, it said on March 10, having announced $3 billion worth of other projects previously.

The oil major announced on Feb. 28 that it would quit its ventures in Russia with Gazprom and related entities including the flagship Sakhalin 2 LNG plant and the Nord Stream 2 pipeline project.

“It is expected that these decisions ...will impact the carrying value of the related assets and lead to recognition of impairments in 2022,” Shell said in its annual report on March 10.

The downstream assets come on top of $3 billion mentioned in its Feb. 28 announcement, a company spokesperson said.

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Shell’s production from Russian oil and gas projects reached stood at 140,000 boe/d compared with around 2.2 million boe/d total volumes for sale, according to its annual report and a spokesperson.

Shell’s write-downs come amid a mass exodus of western oil majors. BP Plc is facing a $25 billion write-down for its planned divestment of Russian assets.

France’s TotalEnergies has said it is sticking with its Russian investments.

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