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BREAKING
The Israeli Walla! website: We are running out of stockpiles, our forces are exhausted, and the lives of the captives are in danger. It is time for a ceasefire deal in Gaza.
Several wounded in an Israeli bombardment of a tent in al-Mawasi, south of Khan Younis in the Gaza Strip.
Israeli media: Three wounded, three killed in an ongoing operation in the Gaza Strip.
Al Mayadeen's correspondent in southern Lebanon: Israeli artillery shelling targets the outskirts of the town of Shebaa
Al-Qassam Brigades: The targeting took place at the intersection of 'Street 5' with the western line north of Khan Younis
Al-Qassam Brigades: A NIMR armored personnel carrier carrying an Israeli soldier was targeted with an Al-Yassin missile north of Khan Younis
Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes

Total energy giant to stop buying Russian oil

  • By Al Mayadeen Net
  • Source: Agencies
  • 23 Mar 2022 08:20
1 Min Read

French energy company Total announces it will stop Russian oil purchases by the end of 2022.

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  • Russia represented 17% of Total's oil and gas production in 2020
    Russia represented 17% of Total's oil and gas production in 2020

TotalEnergies said on Tuesday it has made the decision to stop all purchases of Russian petroleum products by the end of the year at the latest.

The energy giant released a statement saying it will "gradually suspend its activities in Russia" amid the latter's operation in Ukraine and highlighting "the existence of alternative sources for supplying Europe" with oil.

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Total declared it will ensure its compliance with "current and future European sanctions," no matter the consequences "on the management of its assets in Russia."

TotalEnergies was a heavy investor in Russia's petroleum sector, with it holding an almost 20% stake in Russian natural gas producer Novatek. Russia also represented 17% of the company's oil and gas production in 2020.

Read more: Canceling Russian reserves boomerangs to a new international monetary system

The energy conglomerate said it will continue to supply Europe with LNG from the Yamal plant, in which it holds a 20% stake, "as long as Europe's governments consider that Russian gas is necessary."

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  • Ukraine crisis
  • Total
  • France
  • Sanctions on Russia
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?

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