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Asharq Al-Awsat

Business

Asharq Al-Awsat

Shell to Withdraw from Russian Oil and Gas

Shell Russia Ben van Beurden Ukraine

The logo of a Shell gas station is pictured in Ulm, Germany, April 6, 2017. REUTERS/Michaela Rehle

Shell oil last week and said it would withdraw completely from any involvement in Russian hydrocarbons over the country's invasion of Ukraine.

"We are acutely aware that our decision last week to purchase a cargo of Russian crude oil ... was not the right one and we are sorry," Shell Chief Executive Officer Ben van Beurden

said, Reuter reported.

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