Independent journal on economy and transport policy
02:31 GMT+1
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Shell has announced the withdrawal of Russian hydrocarbons from the market
The exit - explained the English company - which will take place gradually in line with the new government guidelines
March 8, 2022
"We are absolutely aware - he said today Shell's chief executive, Ben van Beurden - who our decision last week to buy a cargo of Russian crude oil to be refined into products such as gasoline and diesel, despite being taken with security of supply at the center of our thoughts - it was not the right one and we are there Apologize. As we have already said, we will allocate the profits that there will come from the limited remaining quantities of oil Russian to a dedicated fund. In the coming days and in the next weeks we will work with partners and humanitarian agencies to establish where the resources of this fund will be in the position better to alleviate the terrible consequences that this war is having on the Ukrainian people."
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