BUSINESS

Shell Puts Stop On Buying Oil From Russia

Shell has pledged to stop buying oil from Russia as it apologized for its purchase of cheap Russian crude at the weekend.

“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,” Chief Executive Officer Ben van Beurden said.

The energy giant also said it would close all its service stations in the country and stop all current work there.

Shell came under huge criticism at the weekend after it purchased a cargo of Russian crude at a discounted price.

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Readers Bureau, Contributor

Edited by Jesus Chan

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