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Shell agrees to sell its Russian business

Energy company Shell has agreed to sell more than 400 of its petrol stations in Russia to the country's second largest oil producer, Lukoil.
 
Shell Neft, the firm's subsidiary in Russia, will be sold for an undisclosed sum.
 
Many Western oil and gas firms have been looking to offload their Russian businesses following the country's invasion of Ukraine.
 
Shell said the deal, which includes 411 petrol stations, will protect 350 jobs.
 
Lukoil is Russia's largest oil producer after state-backed Rosneft.
 


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