Energy giant Shell on Tuesday said it would stop buying Russian oil and natural gas. Also, Shell will shut down its service stations, aviation fuel and other operations in the country amid international pressure on the companies to sever ties over Ukraine’s invasion.
The company said in a statement that it would withdraw from all Russian hydrocarbons, including crude oil, petroleum products, natural gas and liquefied natural gas, “in a phased manner”.
The decision comes just days after rising oil prices rocked global markets and Ukraine’s foreign minister criticized Shell for continuing to buy Russian oil, continuing to do business with President Vladimir Putin’s government. Reprimanded the company for keeping.
CEO Ben van Burden said, “We are fully aware that our decision to refine Russian crude cargoes into products such as petrol and diesel – despite being made with the security of supply at the forefront of our thinking – Wasn’t right and we’re sorry.”
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“As we have already said, we will profit from the limited, remaining amount of Russian oil, we will process a dedicated fund,” he said.
Do you not smell the blood of Ukraine from Russian oil?
Ukraine’s Foreign Minister Dmitro Kuleba said he was told Shell bought the oil on Friday and urged the public to pressure the company and other international firms to stop such purchases.
Kuleba said on Twitter: “A question from Shell: don’t you smell Ukraine’s blood in Russian oil?” He further said, “I call on all conscious people around the world to demand the MNCs to end all trade relations with Russia.”
Last week, Shell said it was “shocked by the loss of lives going to Ukraine” and would end its joint venture with Gazprom, a massive oil and gas company controlled by the Russian government.
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