Shell announced on Saturday it purchased Russian oil to prevent market interruptions and ensure supply security.
Shell previously said it would limit business with Russia, including divesting from Gazprom, a Russian majority state-owned energy company.
"We will continue to choose alternatives to Russian oil wherever possible, but this cannot happen overnight because of how significant Russia is to global supply," Shell said.
Shell announced it purchased a cargo of crude Russian oil, just days after the oil giant said it would limit business with the country in response its "senseless act of military aggression" against Ukraine.
In a statement shared to Twitter, Shell said it made "the difficult decision" to buy the oil from Russia — the world's third-largest oil producer and a major gas exporter to Europe — citing concerns over market interruptions and supply security.
"We will continue to choose alternatives to Russian oil wherever possible, but this cannot happen overnight because of how significant Russia is to global supply," Shell wrote in the statement. "We have been in intense talks with governments and continue to follow their guidance around this issue of security of supply, and are acutely aware we have to navigate this dilemma with the utmost care."
https://uk.news.yahoo.com/shell-buys-russian-oil-days-205404046.html