TotalEnergies to stop purchasing oil, petroleum products from Russia - AA

French energy giant TotalEnergies said Tuesday that it will stop buying Russian oil and petroleum products by the end of this year as well as suspend activities in the country amid Russia’s war on Ukraine.

The company said it has committed to "act responsibly" and strictly comply with European sanctions with regard to its business in Russia given the worsening situation in Ukraine.

It will now procure oil and gas for European countries from Poland and Saudi Arabia.

"TotalEnergies has unilaterally decided to no longer enter into or renew contracts to purchase Russian oil and petroleum products, in order to halt all its purchases of Russian oil and petroleum products as soon as possible and by the end of 2022 at the latest," it said.

The company will terminate contracts with the Druzhba pipeline from Russia for oil supply to the Leuna refinery in eastern Germany and replace it with oil imports from Poland. For the gasoil shortfall in Europe, it will import petroleum products from the Satorp refinery in Saudi Arabia and other continents.