Frequently asked questions

Updated 3 July 2023

Following the invasion of Ukraine by Russia, Shell announced on February 28, 2022, its intent to withdraw from its joint ventures in Russia with Gazprom and related entities, including a 27.5% stake in the venture owning the Sakhalin-2 liquefied natural gas (LNG) facility and 50% stakes in Salym Petroleum Development and the Gydan energy venture. Shell also announced its intent to end involvement in the Nord Stream 2 pipeline project. See the full announcement here.

On March 8, 2022, Shell announced its intent to withdraw from involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and LNG in a phased manner, aligned with government guidance. Shell also announced that it would immediately stop all spot purchases of Russian crude and would also shut its service stations, aviation fuels and lubricants operations in Russia. See the full statement here.

Shell has followed the intent of the announcements in full compliance with sanctions, applicable laws and regulations of the countries in which it operates.

These actions led to recognition of charges of a total of $4.2 billion in 2022, mainly relating to impairments and write-downs.

Some frequently asked questions relating to these announcements are addressed below.

War in Ukraine: Shell’s response

Frequently asked questions

Which of those businesses has Shell now exited? #_50 path, #_50 polygon { fill: currentColor; } #_50 { }

In detail: what is the situation with Sakhalin Energy Investment Company? #_51 path, #_51 polygon { fill: currentColor; } #_51 { }

In detail: what is the situation with LNG offtake from Sakhalin-2? #_52 path, #_52 polygon { fill: currentColor; } #_52 { }

In detail: crude oil – spot trades #_53 path, #_53 polygon { fill: currentColor; } #_53 { }

In detail: crude oil – long-term contracts #_54 path, #_54 polygon { fill: currentColor; } #_54 { }

In detail: petroleum products #_55 path, #_55 polygon { fill: currentColor; } #_55 { }

In detail: natural gas #_56 path, #_56 polygon { fill: currentColor; } #_56 { }

Has Shell stopped using Russian shipping vessels? #_57 path, #_57 polygon { fill: currentColor; } #_57 { }

How is Shell helping ensure secure, stable energy supplies which many parts of the world have relied on for so many years? #_58 path, #_58 polygon { fill: currentColor; } #_58 { }

What has Shell done to help people in Ukraine? #_59 path, #_59 polygon { fill: currentColor; } #_59 { }