TotalEnergies will no longer buy oil from Russia by the end of 2022 – BFM Business

The French company TotalEnergies announced on Tuesday that it would end the purchase of oil and petroleum products from Russia. The company had been under pressure since the start of the war in Ukraine. TotalEnergies announced on Tuesday that it would end the purchase of oil and petroleum products from Russia by the end of 2022, reports Reuters. The company says it ensures strict compliance with current and future European sanctions, whatever the consequences for the management of its assets in Russia. Concretely, the group will seek alternative supplies, in particular via imports by Poland, for its refinery of Leuna located in eastern Germany. The decision also applies to diesel, which Europe and especially France are very fond of. The diesel will be imported from elsewhere, in particular from its Satorp refinery in Saudi Arabia (owned with Saudi Aramco). “to the aggravation of the conflict” in Ukraine. It indicates that it is initiating the gradual suspension of its activities in Russia, ensuring the safety of its personnel. TotalEnergies recalls being “minority shareholder in various Russian private companies”. It “only had 11 employees seconded to these various companies as of February 24, 2022 and there are only 3 expatriates seconded to Russia to date”, says the company in its press release. monitors its commercial developments in the fields of batteries and lubricants in Russia. The group’s maintenance in Russia has been criticized, in particular by the environmental candidate for the presidential election Yannick Jadot, who judged the company “accomplice” of “crimes of war”. “Serious and unfounded accusations”, defends TotalEnergies on Tuesday.