Friday, January 18, 2019

Shell Russia: Impact of Western Sanctions 'minimal'

Posted by February 7, 2018

International oil major Royal Dutch Shell (RYDAF)'s Russian business felt minimal impact from Western sanctions on Russia, the branch's head Sergey Starodubtsev said on Wednesday, adding the firm was fully compliant with international law.

Shell Neft, the Russian arm of the global oil company, plans to double the number of petrol stations in Russia, currently at 259, in the next four to five years, and sees fuel sales rising 8 percent to 12 percent this year, Vitaly Maslov, head of Shell's Russian retail business, told reporters.


Reporting by Olesya Astakhova 

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