Oil giant Shell has announced it will stop buying Russian oil and gas as the CEO apologised for buying a cargo of Russian oil after the country's invasion of Ukraine.
The company said it would also shut all service stations in Russia, with the process starting immediately.
Shell said the phased withdrawal from Russian petroleum products, pipeline gas and LNG was a "complex challenge" that would require action from "governments, energy suppliers and customers".
In a statement, the company said: "Shell plc (Shell) today announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner, aligned with new government guidance.
"As an immediate first step, the company will stop all spot purchases of Russian crude oil. It will also shut its service stations, aviation fuels and lubricants operations in Russia."
Good Morning News. March 2022