As the world sees the true crisis that is the result of a lack of being energy independent, Shell Gas company is sticking to its morals saying it will no longer buy Gas from Russia. Average gas prices have hit their highest in fourteen years, and are approaching all-time highs.
On Tuesday, Shell announced it will immediately stop purchasing Russian crude oil. The company, based in the U.K., also said it would be willing to close its service stations in response to the Russian invasion of Ukraine.
In a statement, Shell said the move follows last week’s decision to end investments in Russia and that it is “aligned with new government guidance.” “We will do this as fast as possible, but the physical location and availability of alternatives mean this could take weeks to complete and will lead to reduced throughput at some of our refineries” said the statement.
Shell CEO Ben Van Beurden went so far as to apologize for the company’s purchase of a cargo of Russian crude for refining into gas and diesel as recent as last week. “We are acutely aware that our decision…despite being made with security of supplies at the forefront of our thinking – was on the right one and we are sorry” he said.
On Monday, the Kremlin threatened to cut supplies of natural gas to Germany for its decision to end Russia’s Nord Stream 2 pipeline project. Russia also threatened that oil prices could hit $300 a barrel if the West bans Russian oil.
National Review reports:
The company will also start shuttering its service stations, aviation fuels and lubricants operations in Russia while kickstarting a phased withdrawal from Russian petroleum products, pipeline gas and liquified natural gas…
…The company pledged to donate profits from the remaining barrels of Russian oil it processes to a fund to help the people of Ukraine.
Report: North Korean ballistic missile fired by Russia into Ukraine contained components sourced from U.S.
A new report from Conflict Armament Research (CAR), a U.K.-based investigative organization, determined that a North Korean ballistic missile which was fired by Russia into Ukraine contained “numerous” electronic components sourced from the U.S. and Europe.
The Daily Caller News Foundation reported on the findings, noting approximately 75% of the 290 components analyzed in the missile originated from U.S.-based companies, and an additional 16% of components came from European firms, according to the CAR report.
The electronic components came from 26 countries in total and were largely utilized in the missile’s navigation system, according to the report. It isn’t clear how the components ended up in North Korea’s possession, as the country is strictly sanctioned by a bulk of the international community, but it’s possible other foreign companies, acting as middlemen, bought the components and then diverted them to the communist country.
However, the fact that North Korea was able to acquire so many American electronic component parts suggests “that the country has developed a robust acquisition network capable of circumventing, without detection, sanction regimes that have been in place for nearly two decades,” according to the report.
CAR documents “weapons at the point of use and track their sources back through the chains of supply.”North Korea gathered the components, assembled the missile and shipped it to Russia, all within a relatively short time period, according to the report. The missile was recovered by CAR on Jan. 2, and the investigators determined it could not have been manufactured before March 2023.
A @conflictarm field investigation team recently documented the electronic components of a North Korean ballistic missile recovered in Ukraine on 2 January 2024. CAR investigators documented over 290 components, mostly found in the missile’s navigation system.🧵 (1/6) pic.twitter.com/WxsedC18K6
— CAR (@conflictarm) February 20, 2024
The U.S. government and intelligence agencies are working to stop sensitive American intellectual property from ending up in the hands of several foreign adversaries. North Korean dictator Kim Jong-un and Russian President Vladimir Putin have strengthened their relationship since Russia first invaded Ukraine in February 2022.
“Due in part to our export and sanction controls, Russia has become increasingly isolated on the world stage, and they’ve been forced to look to like-minded states for military equipment,” White House National Security Council (NSC) spokesman John Kirby said during a press briefing in January. “One of those states is North Korea.”
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