Source: Enel SpA Enel SpA , Italy’s largest utility, will exit from its Russia operations in a matter of months, Chief Executive Officer Francesco Starace said on Monday. “We are on the process of selling thermal generation, this is a process we had time ago,” Starace said in a Bloomberg TV interview with Francine Lacqua. “With regret, I think we have to fold.” Established in 2004, Enel Russia PJSC contributes just over 1% of the company’s overall gross operating profit, according to Bloomberg Intelligence. On Friday, Starace said that Enel would reduce its exposure to Russia but wasn’t planning a full exit. The world’s biggest energy companies, including BP Plc , Shell Plc and Italy’s Eni SpA , have announced plans to exit their investments in Russia as the war rages on. — With assistance by Francine Lacqua, and Jesper Starn