Shell expects to take a hit of up to $5bn in the first quarter of 2022 following its decision to exit Russia.
The London-listed energy group made the announcement on Thursday after saying in February it would withdraw from all three of its joint ventures with Gazprom, the Kremlin-backed gas producer.
It later announced it would stop new purchases of Russian oil after the Financial Times revealed it had made $20mn buying a cargo of Russian crude.
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