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The Guardian - UK
The Guardian - UK
World
Rob Davies

Shell joins BP in selling Russian assets as pressure on Kremlin-linked firms grows

Shell British Petroleum Russia Kremlin Gazprom Ukraine Rosneft
Shell CEO Ben van Beurden
Shell CEO Ben van Beurden said in response to the Russian invasion of Ukraine: ‘We cannot – and we will not – stand by.’ Photograph: Benoît Tessier/Reuters

Shell is to exit its joint ventures with Russian state energy firm Gazprom, a day after BP said it would offload its 20% stake in Kremlin-owned oil firm Rosneft, as British businesses scrambled to distance themselves from Vladimir Putin.

The oil company said it would “exit its joint ventures with Gazprom and related entities”, which are worth about $3bn.

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