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Ukraine Discomfort for Shell and Chevron

Screen Shot 2014-03-04 at 17.39.57Shell entered into the deal in 2013 with then Putin puppet President Viktor Yanukovych, before he was ousted. As can be seen in the FT article, Shell and Chevron are now both trying to hide behind claimed business principles. Its a bit late for that.

By John Donovan

The Financial Times has published an article about the uncomfortable position of Shell and Chevron in the Ukraine crisis.

Extract

Getting caught up in a war zone ranks among the worst-case scenarios for an oil company. This has happened to Royal Dutch Shell in eastern Ukraine, where heavy fighting between pro-Russian separatists and Ukrainian military forces continues.

What is even worse is that both energy giants have Ukrainian partners in shale gas deals with dubious connections to the former regime, in a country famed for corruption. 

Shell entered into a deal in 2013 with then Putin puppet President Viktor Yanukovych, before he was ousted. 

As can be seen in the FT article, Shell and Chevron are now both trying to hide behind claimed business principles. 

Its a bit late for that. 

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