Shell Neft says US sanction had limited impact

Shell Neft says US sanction had limited impact

Shell Neft, the local unit of Royal Dutch Shell in Russia said US sanctions had little on not impact at all on its operations and bottom line.

Confirming the situation, chief executive of Shell Neft, Sergey Starodubtsev said 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.