Mar 6, 2022
Shell defends 'difficult' decision to buy Russian crude oil
Shell has defended its decision to purchase Russian crude oil despite the invasion and bombardment of Ukraine. Ukrainian Foreign Minister Dmytro Kuleba hit out at the energy company, asking on Twitter: "Doesn't Russian oil smell Ukrainian blood for you?". In a statement, the firm said it remains "Appalled by the war in Ukraine" and that it has stopped most activities involving Russian oil, but added that the situation with supplies is "Highly complex". Russian oil currently makes up about 8% of work supply. Shell followed on from the likes of BP, which had already announced that it would offload its stake in the Russian state-owned oil giant Rosneft - a potential hit of $25bn.
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