• Ar
  • Es
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Feature
Videos
Infographs
In Pictures
  1. Home
  2. News
  3. Europe
  4. Shell to divert Russian oil profits to 'Ukraine aid'
Europe

Shell to divert Russian oil profits to 'Ukraine aid'

  • By Al Mayadeen Net
  • Source: Agencies
  • 6 Mar 2022 00:02
  • 1 Shares

Shell, notorious for its practices all over the globe, will be directing funds for Ukraine amid Kiev's crisis with Russia.

  • Hundreds of people protested in Muizenberg, South Africa, against Shell
    Hundreds of people protested in Muizenberg, South Africa, against Shell

Oil giant Royal Dutch Shell will be putting profits from any Russian oil it purchases into an "aid fund" for Ukraine, the notorious company announced Saturday.

Shell had purchased Friday Russian crude oil, the first trade between Moscow and the West since the start of the Russian special operation in Ukraine last week.

The deal did not violate the wave of western sanctions imposed on Russia, but it faced criticism from Ukrainian Foreign Minister Dmytro Kuleba amid Ukrainian calls for completely sanctioning Russia.

In a statement published after Kuleba's criticism, Shell defended its purchase, saying it would be choosing alternatives to Russian oil when doing so was a possibility, but it could not completely opt-out from purchasing Russian oil due to the significance of the federation to the global supply.

"We didn't take this decision lightly and we understand the strength of feeling around it," the statement added.

Shell said it would be giving any profits it gains from Russian oil to a dedicated fund to provide aid to the Ukrainian people, whose non-Ukrainian counterparts are suffering at the hands of the authorities in Kiev.

Foreigners residing in Ukraine have been subjected to unequal treatment and delays as they were trying to flee the country alongside hundreds of thousands of Ukrainians, Human Rights Watch reported earlier Saturday.

Shell has faced backlash over its practices that harm the environment and marine life over the globe, and most recently in South Africa when hundreds of environmentalist demonstrators took to the beaches of the country to protest against oil and gas exploration by the Royal Dutch Shell.

In Cape Town, protesters held up peace symbols, banners reading "Shell in Hell," "Don't Shell us Out," and a giant model snoek fish to voice their concerns about the potential impact on marine life.

The US Congress had called on top executives of oil giants, including Shell, to testify on what they called a "long-running, industry-wide campaign to spread disinformation" regarding fossil fuels' role in causing global warming.

Shell's plans to search for oil and gas deposits off South Africa's Wild Coast, a beloved landmark and a key tourist attraction site, pose a danger to marine animals and marine life altogether, activists said.

The European Union, the United States, Canada, Australia, and other western allies had imposed sanctions on Russia with the aim of suppressing the Russian economy and undermining Moscow's global influence over its special military operation in Ukraine.

  • United States
  • Nato
  • Ukraine crisis
  • Russia
  • Canada
  • South Africa
  • Shell
  • Ukraine
  • European Union
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Trending Now

All
A view shows railroad freight cars, including oil tanks, in Omsk, Russia

G7 dismisses Russian request for gas payment in rubles

Most Read

Screengrab from drone video footage showing Ukrainian Leopard tanks getting hit by Russian artillery in the Zaparozhye direction (Social media / Telegram: ZA_FROHT)

Germany's Leopards, IRIS-Ts not holding up well in Ukraine

  • Europe
  • 8 Jun
James G. Rickards. (WIkipedia)

Ex-CIA advisor predicts date when US dollar hegemony will collapse

  • Europe
  • 7 Jun
NATO may deploy troops in Ukraine to guarantee security: Former chief

NATO states may deploy in Ukraine to guarantee security: Former chief

  • Europe
  • 8 Jun
Actuating an Israeli ‘Solution’ – via an al-Aqsa Emergency

Actuating an Israeli ‘Solution’ – via an al-Aqsa Emergency

  • Analysis
  • 4 Jun

Read this

All
German investigation indicates Poland tied to Nord Stream attack: WSJ
Europe

German investigation indicates Poland tied to Nord Stream attack: WSJ

  • Today
Washington throwing US taxpayers' money in Ukraine war furnace: Russia
Europe

Washington throwing US taxpayers' money in Ukraine war furnace: Russia

  • Today
Egyptian conscript's operation forces IOF to make changes on border
Palestine

Egyptian conscript's operation forces IOF to make changes on border

  • Today
Colombia ELN
Latin America

Havana hosts Colombia government, ELN 'historical' ceasefire agreement

  • Today
Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS