Extract from FT “Week in review” published 2 August 2014
Majors brace as sanctions against Russia tighten
Ben van Beurden, chief executive of Royal Dutch Shell, said: “It’s a bit early to say how it will play out. We will obey sanctions without hesitation.” Shell, which also has LNG interests at Sakhalin, has suspended work exploring shale resources in eastern Ukraine. Twelve Shell staff and family members were killed on flight MH17, shot down in Ukraine last month.