7/2/2023 – Shell continues trading Russian gas despite pledge to withdraw

Photo: Open source

From Euromaiden Press: Despite pledging to withdraw from the Russian energy market, Shell continues to trade Russian gas, sparking controversy and accusations of accepting “blood money.” The multinational oil and gas company says there is a “dilemma” between pressuring Russia and stable energy supplies.

The multinational oil and gas company Shell is still trading Russian gas more than a year after it pledged to withdraw from the Russian energy market, BBC reports. The company was involved in nearly an eighth of Russia’s shipborne gas exports in 2022, as per the analysis from campaign group Global Witness.

Oleh Ustenko, an adviser to Ukrainian President Volodymyr Zelenskyy, accused Shell of accepting “blood money.” However, Shell defended its actions by stating that the trades resulted from “long-term contractual commitments” and do not violate laws or sanctions.

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