Shell to Put Profits From Russian Oil Trade Into Ukraine Aid Fund

Shell to Put Profits From Russian Oil Trade Into Ukraine Aid Fund
Shell logos are seen at a service station in London on Feb. 4, 2021. Justin Tallis/AFP via Getty Images
Reuters
Updated:

LONDON—Oil major Royal Dutch Shell will put profits from any Russian oil it purchases into a fund that will go towards humanitarian aid to Ukraine, the company said on Saturday.

Shell had on Friday bought a cargo of Russian crude oil at a record low discount, the first such trade since Russia invaded Ukraine last week.