Shell Says It Will Stop Buying Russian Oil, Natural Gas

Shell announced it will stop buying Russian oil and cut ties with the country following backlash over purchasing discounted Russian oil. The company will also close its service stations in Russia. Shell's CEO issued an apology, acknowledging the decision to buy Russian crude oil was wrong, despite being made with supply security in mind.

What major decision did Shell make regarding its business with Russia?

• To increase oil purchases from Russia

• To stop buying Russian oil and cut ties

• To open new service stations in Russia

• To invest in Russian oil infrastructure

What action did Shell face criticism for?

• Investing in renewable energy

• Selling Russian oil at a premium

• Closing all its global service stations

• Purchasing discounted Russian oil

What additional step did Shell decide to take in Russia?

• Launch a new product line

• Increase oil imports

• Shut down its service stations

• Expand its operations

What did Shell's CEO express in the statement?

• Intent to merge with a Russian company

• Pride in their decision to buy Russian oil

• Regret for purchasing Russian crude oil

• Plans to increase oil production

What was the primary concern when Shell made the decision to purchase Russian oil?

• Environmental impact

• Market expansion

• Security of supplies

• Cost reduction