10:12 AM EDT, 10/15/2024 (MT Newswires) -- (Updates with Shell's reply in the third paragraph and recent stock move in the last paragraph.)

Shell (SHEL) is being asked to pay at least 1 billion euros ($1.09 billion) in damages by the Russian General Prosecutor's office, the RIA news agency reported Tuesday, citing the Moscow Arbitration court.

Details of the general prosecutor's claims against Shell were not reported. The prosecutor's office filed a lawsuit earlier in October against eight Shell subsidiaries and the Moscow Arbitration court has scheduled a preliminary hearing for Dec. 11 relating to the case, according to a Reuters report.

Shell declined MT Newswires' request for comment.

Shares of the energy company were down 3.2% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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