![](https://industrytechinsights.com/wp-content/uploads/2024/07/bim-300x169.png)
Binance Airdrops $BANANA Token, Prices Surge on Listing
Binance, the world’s leading cryptocurrency exchange, has introduced a novel initiative with the Banana Gun ($BANANA) token launch as …
March 8, 2022: -Oil primary Shell has sought to defend its decision to buy a heavily-discounted consignment of oil from Russia, which says it would commit the profits to a fund dedicated to humanitarian aid for Ukraine.
On Friday, Shell is purchasing 100,000 metric tons of flagship Urals crude from Russia. Reports were bought at a record discount, with many firms shunning Russian oil because of Moscow’s unprovoked invasion of its neighbor. The purchase did not violate any Western sanctions.
Shell said in a statement on Saturday that it had been in “intense talks with governments and continue to follow their guidance in this issue of security of supply, and are acutely aware we have to navigate this dilemma with the utmost care.”
“We didn’t take this decision lightly, and we understand the strength of feeling around it,” the statement read.
The company has faced good criticism from Ukraine’s Foreign Minister Dmytro Kuleba, who wants companies to cut all business ties with Russia.
On Monday, speaking to CNBC, Kuleba launched a scathing attack on firms still doing business with Russia, which says that some major oil companies could find themselves on the wrong side of history.
“The world will judge them accordingly. And history will judge them accordingly,” he told CNBC.
Shell said it intended to exit its joint ventures with Russian gas giant Gazprom and its related entities.
Meanwhile, rival BP announced Sunday in the previous week that it was offloading its 19.75% stake in Rosneft, a Russian-controlled oil company, potentially hits the British oil major with a costly $25 billion charge.
On Saturday, Shell said that the company welcomed “any direction or insights” from governments or policymakers in its new statement.
“We will continue to choose alternatives to Russian oil wherever possible, but this cannot happen overnight as of how significant Russia is to global supply,” the company said.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
Binance, the world’s leading cryptocurrency exchange, has introduced a novel initiative with the Banana Gun ($BANANA) token launch as …
Mostbet Apostas Desportivas E Casino On-line Site Oficial Aqui
Lockheed Martin Corporation (LMT) delivered a stellar performance in the second quarter of 2024, exceeding analyst expectations …
In a strategic move, Canadian tech-focused mortgage brokerage Pineapple Financial Inc. (NYSE American: PAPL) announced a collaborative …
In the annals of human history, the art of manufacturing has undergone a metamorphosis so profound that it has reshaped …
In the labyrinth of modern industry, where the flames of innovation flicker and the winds of change howl, there exist titans—visionaries …