Wednesday, May 25, 2022

Spain’s energy company Cepsa stopped buying Russian oil products and gas

The Spanish petrochemical corporation Cepsa has stopped buying Russian raw materials due to the events in Ukraine.

“Cepsa stopped buying Russian oil, natural gas, and petroleum products the day the war began, and the company does not expect this position to change in the near future. Cepsa has traditionally had very limited business activity in Russia and has now stopped selling products in that country,” the company said in a statement.

Cepsa also said it helps civilians in Ukraine by working with a number of organizations, including the U.N. High Commissioner for Refugees.

Western countries imposed new anti-Russian sanctions, including against Russian banks and businesses, in response to Russia’s special operation to denazify and demilitarize Ukraine. A number of companies announced their withdrawal from the Russian market and the closure of production facilities in Russia. Russian Foreign Minister Sergey Lavrov noted that Western companies that refuse to work with Russia have done so under great pressure, but Russia will solve all the problems with the economy that the West creates for it.

Russia began a military operation in Ukraine on February 24. President Vladimir Putin called its goal “to protect people who have been subjected to abuse, genocide by the Kiev regime for eight years. For this purpose, he said, it was planned to “demilitarize and denationalize Ukraine,” and to put on trial all war criminals responsible for “bloody crimes against civilians” in Donbas.

According to a statement by the Russian Defense Ministry, the Armed Forces are striking only military infrastructure and Ukrainian troops. With the support of the RF Armed Forces, the DPR and LPR groups are developing an offensive, but there is no question of occupying Ukraine, the Russian president stressed.