French TotalEnergies will include a $4.1-million impairment on its balance sheet over Russia sanctions that have led to difficulties with its massive Arctic LNG2 project, the company said on Wednesday. TotalEnergies SE has decided to no longer book proved reserves for the Arctic LNG 2 project, "given the uncertainty created by the technological and financial sanctions on the ability to carry out the Arctic LNG 2 project currently under construction and their probable tightening with the worsening conflict," the company said in a press release. The company also noted "additional risks" that emerged on April 8th withg new sanctions from the European Union prohibiting export from EU countries of goods and technology for use in the liquefaction of natural gas benefitting a Russian company. "As a result, TotalEnergies has decided to record in its accounts, as of March 31, 2022, an impairment of 4.1 B$, concerning notably Arctic LNG 2," TotalEnergies stated.