France's TotalEnergies announced on Tuesday that it has decided to stop all purchases of oil and petroleum products from Russia by the end of the year at the latest.
"Given the deteriorating situation in Ukraine and the existence of alternative sources of supply for Europe, TotalEnergies has unilaterally decided not to enter into or renew contracts for the purchase of Russian oil and oil products in order to stop all purchases of Russian oil and oil products as soon as possible and at the latest by the end of 2022," the French company said in a statement.
The group, which has been operating in Russia for three decades, had earlier faced criticism for not pulling out of Russia after Moscow invaded Ukraine a month ago.
(CNA)
CNA - AFP
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