Shell stops buying Russian crude as Moscow’s isolation deepens

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Reuters UK

By Yadarisa Shabong and Eric Onstad LONDON (Reuters) – Shell stopped buying oil from Russia on Tuesday and said it would cut links to the country entirely while the United States stepped up its campaign to punish Moscow for invading Ukraine by banning Russian oil and energy imports. The West’s moves to isolate Russia economically for attacking its neighbour have turbocharged global commodity and energy markets, sending prices soaring and threatening to derail the nascent recovery from the COVID-19 pandemic. Britain too said it would ban imports of Russian oil but only by gradually phasing them…

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