Shell said Tuesday that it will stop buying Russian oil and natural gas and shut down its service stations and other operations in the country as international pressure mounted to sever ties over the invasion of Ukraine.
The announcement comes after Ukraine’s foreign minister criticized Shell for continuing to do business with President Vladimir Putin’s government.
Shell warned, however, that changing its crude oil supply chain to remove Russian suppliers will “take weeks” and lead to reduced output at some of its refineries.
Shell’s decision comes as gas prices topped $4 a gallon in the U.S. over the weekend for the first time since July 2008. AAA reported that’s a 45% spike from an average of $2.76 a gallon one year ago.
Do you think gas prices could hit $5 by the summer?
LIKE US ON FACEBOOK. FOLLOW US ON INSTAGRAM AND TWITTER.
HEAD BACK TO THE MIX1079.COM HOMEPAGE
Get Breaking News & Exclusive Contest in Your Inbox:
6 Signs of a Swinger House
"Bar Rescue" Comes To Charlotte In An Episode Airing On March 19th
Impact of Influence: The Murdaugh Family Murders, Hampton Native Shares His Perspective
Gastonia Farmer On Fox's Dating Show Joins Matt & Ramona
Reba McEntire And Kelly Clarkson Tensions Reportedly 'Boiling' On 'The Voice' Set
Who Are Charlotte's Top Dog Influencers?
Will Fans Follow Cam Newton to a New Team?
Raekwon Sat With ODB’s Body With Son After Dirty’s Death [EXCLUSIVE]