Shell will use profits from remaining Russian oil to help Ukrainians


Oil company Shell said on Tuesday it would stop buying Russian oil and donate the remaining profits from the oil it has already bought to create a fund for Ukrainians.

The company said it would work with humanitarian partners and aid agencies to determine where funds can best be distributed to “alleviate the terrible consequences this war is having on the people of Ukraine,” the company said in a statement.

This is a breaking story and will be updated when more information becomes available.

Energy giant Shell said on Tuesday it would stop buying Russian oil and natural gas and close its gas stations, aviation fuels and other operations in the country in the face of the international pressure for companies to sever ties following the invasion of Ukraine.
Kirsty Wigglesworth/AP Photo


gb7

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button