The oil giant said the Russian invasion was “senseless” and that it will divest its stakes worth around three billion dollars.
Shell said the value of its ventures with Gazprom is around three billion dollars and the hit will be put onto its balance sheet later this year.“We cannot – and we will not – stand by. Our immediate focus is the safety of our people in Ukraine and supporting our people in Russia.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Dozens dead including civilians' as bombs rain down on Ukrainian cityDozens of people have been killed and hundreds wounded after a major city in eastern Ukraine suffered heavy shelling, Ukrainian officials say.
Read more »
Belarus may join war on side of Russia today - all you need to knowBelarus troops are expected to support the faltering Russian invasion today as Kyiv defences continue to resist despite frequent shelling of major cities across Ukraine overnight
Read more »
BP abandons stake in Russian oil giant Rosneft after Putin orders Ukraine invasionBP is exiting its 19.75% shareholding in Russian oil giant Rosneft and its chief executive Bernard Looney is resigning from Rosneft's board with 'immediate effect', the firm said in a statement.
Read more »
BP to offload 19.75% stake in Russian oil firm RosneftLatest London news, business, sport, showbiz and entertainment from the London Evening Standard.
Read more »
With his war going slowly, Vladimir Putin raises the nuclear stakesThe Russian president’s aim is probably to deter the West from offering further support to Ukraine. In recent days that support has been increasing
Read more »