After this harsh message, the company made its position known through a statement in The New York Times. There he explains that he will maintain purchases of Russian crude to supply refineries and sell to customers at service stations with gasoline and diesel. The money obtained will be sent to a special fund dedicated “to the people of Ukraine.”
At the same time, Europe’s largest oil company stated that European countries want Russia’s energy to be maintained since a supply cut would have serious consequences of scarcity, which would paralyze not only trade but also the daily lives of citizens. The company described the purchase of oil as a “difficult decision” to “avoid disruptions in the market.”
“Without a continued supply of crude oil to refineries, the energy industry cannot ensure its continued supply of essential products to people in Europe in the coming weeks,” Shell said. Faced with the possibility of an alternative, the oil company clarified that it is likely that “they will not arrive on time.”
Shell had announced on Monday that it would abandon projects in conjunction with Gazprom, the Russian gas monopoly, including facilities on the Sakkalin Islands in eastern Russia. Likewise, the company promised to stop its participation in the Nordstream 2 gas pipeline, an ambitious project that plans to connect Russia with Germany, and that had sparked resentment in other Western countries due to the power it represents for Putin. Although the work has been practically completed, it has been blocked in recent weeks.
Shell has said it will seek alternatives to buy crude from other sources, but said cutting off imports from Russia will not happen overnight.
Despite the sanctions, the US is also not planning to discontinue imports of Russian oil, a vital element for the US economy. This was clarified by the White House press secretary, Jen Psaki. However, she clarified that “options” are being analyzed to cut US consumption of Russian energy.
Source: Ambito
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