HOUSTON, Jan 17 (Reuters) - Oilfield service provider

SLB on Friday said its current business in Russia still

aligns with new U.S. sanctions on Russia, but that revenue in

the country was declining.

The world's largest oilfield service company is one of

the few western firms to remain in Russia after its 2022

invasion of Ukraine.

The company is reviewing the new sanctions and believes

that voluntary measures it has taken to adjust its business are

aligned with the new restrictions, Chief Executive Officer

Olivier Le Peuch said on Friday in an earnings call.

Revenue from SLB's operations in Russia has been declining

and accounted for just 4% of its total revenue, down from 5% the

year before, he said.

The U.S. Treasury this month tweaked an executive order to

cut off Russia's access to U.S. services related to the

extraction and production of crude oil and other petroleum

products, effective Feb 27.