Energy giant Shell declared Tuesday it would withdraw from its involvement in Russian gas and oil, including an immediate stop to purchases of crude from the country“in a phased manner, aligned with a new (UK) government guidance” following Russia’s invasion of Ukraine. “As an immediate first step, the company will stop all spot purchases of Russian crude oil,” it said in a statement. “We are acutely aware that our decision last week to purchase a cargo of Russian crude oil to be refined into products like petrol and diesel -– despite being made with security of supplies at the forefront of our thinking -– was not the right one and we are sorry,” said chief executive Ben van Beurden.
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