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Company Response

14 Jul 2023

Author:
Shell plc

Shell response

“Shell made its decision to withdraw from all Russian hydrocarbons with conviction and we have stopped all purchases of Russian crude oil, as well as cargoes of refined products, such as diesel, exported from Russia. We also exited all our downstream business in Russia, such as services stations. And we are no longer part of any joint ventures with Gazprom with ongoing operations inside Russia.

“Shell has stopped buying Russian LNG on the spot market, but still has some long-term contractual commitments. This is in full compliance with sanctions, applicable laws and regulations of the countries in which we operate. We have been clear about this.

“There is a dilemma between putting pressure on the Russian government over its atrocities in Ukraine and ensuring stable, secure energy supplies. It is for governments to decide on the incredibly difficult trade-offs that must be made.”

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