Shell says it will stop buying Russian oil, natural gas
Headline from KOB 4
LONDON (AP) — Shell said Tuesday that it will stop buying Russian oil after Ukrainian officials criticized the energy giant for buying a shipment of crude from Moscow and demanded
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Shell said Tuesday that it will stop buying Russian oil and natural gas and will phase out its involvement in all hydrocarbon operations in the country, including crude oil and natural gas — a move that comes amid mounting pressure from the West to sever its ties with Russia.
The energy giant has apologized for buying Russian crude oil last week. It said it would halt its business ties with Russia "in a phased manner" that could take some weeks to complete.
Shell says it will stop buying Russian oil and natural gas, and shut down service stations and other operations in the country amid international pressure for companies to sever ties over the invasion of Ukraine.
The oil giant said it would immediately halt spot purchases of Russian oil, but described other measures as a “phased withdrawal” as it seeks alternative sources.
Oil giant Shell apologized on Tuesday for its purchase of Russian crude oil last week and announced it will withdraw from involvement in all Russian hydrocarbons.
Shell said on Tuesday it is withdrawing from dealing in Russian oil and natural gas, saying it would immediately halt all spot purchase of crude from the country
The decision comes as surging oil prices have been rattling global markets and days after Ukraine’s foreign minister criticized Shell for continuing to buy Russian oil.
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Shell says it will stop buying Russian oil, natural gas | Since Then
