Shell Commited To Russia Expansion Despite Sanctions
NOVO-OGARYOVO, Russia, April 18 (Reuters) - Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions imposed on the country after its annexation of Ukraine's Crimea region.
Shell plans to expand Russia's only liquefied natural gas (LNG) plant with Russian partner Gazprom, he said at a meeting at Putin's residence.
"We, of course, will pledge all the necessary administrative guidance and support," Putin said in response in a meeting that was later broadcast on national television.
The United States and European Union have imposed targeted sanctions against a list of Russian and Ukrainian individuals and firms in retaliation for Moscow's annexation of Crimea last month.
EU and U.S. diplomats have indicated that they may consider wider sanctions against whole sectors of the Russian economy if Russian forces were to enter Ukraine.
"We are very keen to grow our position in the Russian Federation," van Beurden said. "We look forward with anticipation and confidence on a very long-term future here in Russia."
BP boss Bob Dudley said this week the sanctions had not impacted the company's business in Russia.
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