As of
Following an in-depth analysis of European sanction packages N° 8 and 9 notably prohibiting engineering services with Russian companies, the Group announces that it is ceasing its activities in
As of
With regards to the GBS projects, the terms of GTT's departure are currently being finalised.
These elements will have a financial impact mainly from 2023. GTT's order book will no longer include projects in
As a reminder, other orders under construction in Asian shipyards, relating to six ice-breaking LNG carriers and two FSUs3, are intended specifically for Russian Arctic projects. To date, these projects are proceeding normally. As of
The Group remains sensitive to the evolution of the situation and is taking all necessary measures to protect its employees and stakeholders, in compliance with international sanctions.
About GTT
GTT is a technological expert in containment systems with cryogenic membranes used to transport and store liquefied gases. For over 50 years, GTT has been designing and providing cutting-edge technologies for a better energy performance, which combine operational efficiency and safety, to equip LNG carriers, floating terminals, land storage, and multi-gas carriers. GTT also develops systems dedicated to the use of LNG as fuel, as well as a full range of services, including digital services in the field of
GTT is listed on Euronext Paris, Compartment A (ISIN FR0011726835 Euronext Paris: GTT) and is notably included in SBF 120, Stoxx Europe 600 and MSCI Small Cap indices.
For more information, visit www.gtt.fr
Investor Relations contact:
information-financiere@gtt.fr / + 33 (0)1 30 23 20 87
Media contact:
press@gtt.fr / +33 (0)1 30 23 48 45
1 Gravity Based Structure units.
2
3 Floating Storage Units.
Attachment
Ukraine -Russia update on GTT’s exposure
![](https://ml-eu.globenewswire.com/media/MDlmMjQ3OWMtNTA0Mi00MzFjLTlkN2UtODcyYmNlYTY2OGFhLTEwMTE1ODQ=/tiny/GTT.png)
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