Shell Makes Good Progress with the Sale of Russian Assets

Oil and gas group Shell is making good progress with the sale of its Russian assets. That said, CEO Ben van Beurden explained the company’s quarterly figures on Thursday.

 

The group decided to stop its Russian activities because of the war in Ukraine.

“We are trying to sell our Russian business, but it’s a commercial process, so I can’t say too much about that. However, we have made good progress with the sale of all our activities in Russia,” says Van Beurden.

The CEO did not want to comment on which parties Shell is in talks with about the sale of its Russian parts.

The Shell boss could not say yet when the sales process is completed. “We have a complicated position in Russia with many different parts and I don’t know when the sale of these parts will be completed.”

The sales are also subject to the approval of the Russian authorities, according to the CEO.

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