Boris Johnson again found himself in a Political twist today. According to the media reports, London-listed Shell PLC bought the crude from Russian Company Trafigura Group Pte. Ltd. This development came after Prime Minister Boris Johnson vouched to stand with Europe in the fight against Russia.
The purchase of 100,000 Tons of Blood Ridden Oil gave Shell PLC a bargain price of $28.50 on each barrel. Shell PLC was successful in funding Russian Military Operations against Ukraine with over 10 Million Dollars thereby saving themselves 2.85 Million USD.
Earlier today, Britain among a few other countries vouched to increase sanctions against the Russian Armed Forces.
The International Crude Oil Price is springing for the past few days. The oil price gained momentum after the USA put sanctions against Russian markets.
As Western oil-and-gas companies, this week followed sanctions ordered by United Nations and started to distance themselves from Russia in the wake of the invasion of Ukraine, Shell said this week it would exit its joint ventures with Russian energy giant Gazprom PJSC.
Minister of Foreign Affairs of Ukraine took this opportunity to criticize the Public company for standing against his country. While Boris Johnson hadn’t tweeted on this matter yet.
I am told that Shell discretely bought some Russian oil yesterday. One question to @Shell: doesn’t Russian oil smell Ukrainian blood for you? I call on all conscious people around the globe to demand multinational companies to cut all business ties with Russia.
— Dmytro Kuleba (@DmytroKuleba) March 5, 2022
It would be interesting to see whether this development is sponsored by the British Government or the United Kingdom will prove itself a true supporter of Ukraine.