Shell is abandoning its Russian oil and gas resources and will close all its service outlets there, the British energy giant announced Tuesday.
The move makes it one of the first major Western oil companies to abandon Russia entirely due to its invasion of neighboring Ukraine.
Shell Chief Executive Officer, Ben van Beurden, apologised for buying Russian crude oil last week as he made the announcement, adding Shell will also change its crude oil supply chain to remove Russian supplies.
Shell currently gets about eight percent of its crude oil from Russia, to be turned into diesel, petrol and other products at its refineries.
The company will also shut its service stations, aviation fuels and lubricants operations in Russia, and start a phased withdrawal from Russian petroleum products, pipeline gas and liquefied natural gas.
