Ukraine Criticizes Shell’s Rules on Russian Fuel Purchases
- Shell allows itself to buy blends including fuel from Russia
- Ustenko say Shell uses ‘accounting trick’ to buy Russian oil
Shell Chief Executive Officer Ben van Beurden
Photographer: Jose Sarmento Matos/BloombergThis article is for subscribers only.
The Ukrainian government criticized Shell Plc for setting rules that allow the company to buy refined products partly sourced from Russia.
In a letter dated April 13, Oleg Ustenko, Chief Economic Adviser to Ukrainian president Volodymyr Zelenskiy asked Shell Chief Executive Officer Ben van Beurden to clarify the company’s commitment to no longer buy Russian oil on the short-term market. His intervention comes after Bloomberg Opinion revealed that Shell’s trading terms do not consider a cargo of diesel to be Russian if more than half was sourced from another country.