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Power big Shell mentioned Tuesday it could withdraw from its involvement in Russian fuel and oil, together with a direct cease to purchases of crude from the nation.
The UK-based firm additionally issued an apology for purchasing a cargo of Russian crude oil final week and mentioned it could shut its service stations, aviation fuels and lubricants operations within the nation.
Shell mentioned it could withdraw from its involvement in all Russian hydrocarbons “in a phased method, aligned with a brand new (UK) authorities steerage” following Russia’s invasion of Ukraine.
“As a direct first step, the corporate will cease all spot purchases of Russian crude oil,” it mentioned in an announcement.
“We’re acutely conscious that our resolution final week to buy a cargo of Russian crude oil to be refined into merchandise like petrol and diesel -– regardless of being made with safety of provides on the forefront of our considering -– was not the precise one and we’re sorry,” mentioned chief govt Ben van Beurden.
© Agence France-Presse
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