Co-op, Morrisons, H&M, M&S and more cut ties with Russia amid Ukraine invasion
manchestereveningnews.co.ukNearly 30 major British companies have cut ties with Russia in an act of condemnation against Putin's war in Ukraine. Among them, British Gas owner Ventrica has said it will end all gas supply agreements with Russia, including Gazprom.
A number of other British energy companies, including BP and Shell, have also severed ties with Russia while the conflict continues, the Mirror reports. Read more: London-listed Centrica said it currently has a medium-term contract with Gazprom Marketing and Trading, the Russian energy giant's UK entity, through which gas is sourced from the open market.
Chris O'Shea, chief executive officer of Centrica, said: "We are shocked by the events unfolding in Ukraine and the needless loss of lives. "We intend to exit our gas supply agreements with Russian counterparts, principally Gazprom, as a matter of urgency. "We are working through the details of how best to do this.
Additionally we will ensure we are compliant with all relevant sanctions." Shell announced on Monday evening its plans to sell its stake in all joint ventures with Russian partner Gazprom, noting Russia's invasion as "senseless" and a threat to European security.
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