Shell says in talks to sell Russian retail business

div classBodysc17zpet90 cdBBJodivpLONDON Reuters – Shell said on Friday it is in talks to sell its network of petrol stations and lubricant plant in Russia as the British company forges ahead with its plans to exit the country following Moscows invasion of Ukraine.p

pAhead of the possible sale, Shell has suspended operations at its filling stations and the Torzhok lubricant plant, Sergey Starodubtsev, the companys head in Russia said in a statement.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pHe also confirmed that negotiations were underway.p

pIt was unclear who the potential buyer was but sources told Reuters it would most likely be a local company.p

pChief Executive Ben van Beurden said on Thursday that Shell was in talks to sell its Russian retail business. p

pShell wrote down 3.9 billion posttax as a result of its decision to exit operations in Russia, which include a stake in a large liquefied natural gas LNG plant.p

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pp Reporting by Ron Bousso, Editing by Louise Heavensp

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