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Shell Russian exec says impact of Western sanctions was minimal

Reuters Staff: FEBRUARY 7, 2018

ORZHOK, Russia, Feb 7 (Reuters) – International oil major Royal Dutch Shell’s Russian business felt minimal impact from Western sanctions on Russia, the branch’s head Sergey Starodubtsev said on Wednesday, adding the firm was fully compliant with international law.

Shell Neft, the Russian arm of the global oil company, plans to double the number of petrol stations in Russia, currently at 259, in the next four to five years, and sees fuel sales rising 8 percent to 12 percent this year, Vitaly Maslov, head of Shell’s Russian retail business, told reporters.

(Reporting by Olesya Astakhova; Writing by Vladimir Soldatkin; Editing by Polina Ivanova)

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