A view shows a board with the logo of Shell at the company's fuel station near a business centre in Moscow, Russia March 9, 2022. REUTERS/Maxim Shemetov

LONDON, March 10 (Reuters) - Shell (SHEL.L) faces writedowns on $400 million in Russian downstream assets, it said on Thursday, 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 liquefied natural gas (LNG) plant and the Nord Stream 2 pipeline project. read more

"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 Thursday.

Register now for FREE unlimited access to Reuters.com Register

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

Shell's production from Russian oil and gas projects reached stood at 140,000 barrels of oil equivalent per day (boe/d) compared with around 2.2 million boe/d total volumes for sale, according to its annual report and a spokesperson.

Shell's writedowns come amid a mass exodus of western oil majors. BP is facing a $25 billion writedown for its planned divestment of Russian assets.

France's TotalEnergies (TTEF.PA) has said it is sticking with its Russian investments.

Register now for FREE unlimited access to Reuters.com Register

Reporting by Shadia Nasralla; editing by David Goodman and Jason Neely

Our Standards: The Thomson Reuters Trust Principles.