TotalEnergies announced to stop buying Russian oil

The notice stated that with the worsening situation in Ukraine and the availability of alternative supplies to Europe, TotalEnergies has unilaterally decided not to conclude or extend the contract to buy oil and petroleum products from Russia, aiming to aim The goal is to end all these activities by the end of 2022 at the latest.

TotalEnergies, which has been operating in Russia for three decades, said it would add additional measures if the situation in Ukraine continued to deteriorate. Regarding gas, because many European countries still depend on supply from Russia, TotalEnergies announced that it will continue to supply Europe with liquefied natural gas from the Yamal plant under a long-term contract with Russia, in accordance with the decisions European Union (EU) decision on maintaining Russian gas supplies at the present time.

In a related development, US National Security Adviser Jake Sullivan said more sanctions against Russia will be announced when US President Joe Biden meets leaders of European allies in Brussels on March 24. .