March 1, 2022—Shell and BP are pulling out of partnerships with the Russian energy firms amid a European military conflict in Ukraine.
The Guardian reports that BP recently announced that it would pull out of a 20-percent stake in Rosneft, a state-owned oil concern. After that, Shell followed suit and announced it would sever ties with Gazprom, another Russian firm.
The move from Shell includes ended involvement in the Nord Stream 2 pipeline between Russian and Germany. Shell still has business interests in Russia, including a network of gas stations.
