The Latest Breaking News from Shell

Fossil fuel giant says its profits from Russian oil sales will be donated to humanitarian efforts in Ukraine

Russian troops continued to shell encircled cities and the number of Ukrainians forced from their country grew to 1.4 million

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

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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.