Feb 28, 2022
Shell to sever Gazprom links in Ukraine crisis
Shell is to end all of its joint ventures with the Russian energy company Gazprom following the invasion of Ukraine. Shell's chief executive, Ben van Beurden, said the company is "Shocked by the loss of life in Ukraine". It follows similar moves by BP, which is to offload its share in Russian state-owned oil firm Rosneft. It also plans to end its involvement in the Nord Stream 2 gas pipeline from Russia to Germany, which it helped finance among a mix of other companies. Mr van Beurden added that the company "Deplores" the crisis unfolding in Ukraine, "Resulting from a senseless act of military aggression which threatens European security".
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