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Shell, BP and British Gas have all taken steps to condemn and sever ties with Russia's economy

UK petrol prices are at a record high and this is the picture at stations in Wales

As well as UK Government sanctions, a number of large firms have also stepped in and cut ties with Russia.

In response to Russia’s invasion of Ukraine, British energy giant BP announced on Feb. 27, 2022, that it will sell its nearly 20% ownership in Russian state-owned energy giant Rosneft. BP’s rival Shell is also pulling out of all of its operations in Russia, as are U.S. energy giant ExxonMobil…

British Gas, Morrisons and PayPal are just some of the huge companies suspended ties with Russia in an act of solidarity against Vladimir Putin's war on Ukraine

US and European shares push higher, while rouble drops 8% and Moscow stock exchange stays shut for third day, as Russia bombards Ukrainian cities

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Despite initially lobbying for lighter sanctions and loosened regulations, Big Oil firms including BP and Shell are now pulling out of Russia.

It comes after a number of UK energy companies, including BP and Shell, moved to sever their ties to Russia because of the conflict.

Centrica announces end of gas supply agreement with Kremlin-controlled Gazprom

Ukrainian authorities say five people died during a Russian missile strike next to a Holocaust memorial in Kyiv. Other cities, including Mariupol and Kharkiv, remain under heavy attack.