Extracts from a PLATTS article published 31 July 2014
Shell CEO Ben van Beurden said Thursday, July 31 that the recent events around the Ukraine crisis, including the crash of flight MH17 and the subsequent US and EU sanctions against Moscow, were a “game-changer” from an international political, economic and trade point of view. Shell, which has assets in both Russia and Ukraine, has also declared force majeure on its unconventional gas exploration operations in eastern Ukraine, van Beurden said on a Q2 earnings conference call. Van Beurden said it was too early to know exactly what the impact of the latest international sanctions against Russia would be for Shell.
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