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Shell has said it plans to withdraw from Russian oil and gas and stop all spot purchases of Russian crude oil as an immediate step against the country’s invasion of Ukraine.
The oil giant has also apologised for buying a shipment of the oil last week at low prices, saying the decision was “not the right one”.
The company’s chief executive Ben van Beurden said: “We are acutely aware that our decision last week to purchase a cargo of Russian crude oil to be refined into products like petrol and diesel – despite being made with security of supplies at the forefront of our thinking – was not the right one and we are sorry.”
