And Shell Company is hitting Russia, buying oil and gas.

The Shell oil company has announced today that it will fully dismantle co-operation with the giant Russian energy industry, immediately preventing all Russian crude oil purchases and closing its service stations there, CNN reports, the Periscope broadcast.

The UK-based company, which last week announced it was abandoning its investments in Russia, said its decision to abandon all Russian fossil fuels trade was in line with new government guidelines.

Major Russian energy exports so far have been engraved by unprecedented sanctions imposed by the West in response to President Vladimir's order to attack Ukraine.

Russian oil oil oil is already being avoided by some businessmen and oil companies, and American officials are also discussing the ban on imports.

Moscow warned late Monday that oil prices could rise to $300 per barrel if the West bans its oil, adding that it could cut natural gas supplies to Germany in retaliation for Berlin's decision to prevent Russian pipeline access Nord Stream 2.

Shell will also immediately start closing its service stations, aviation fuels and lubricants' operations in Russia, as well as launch a gradual withdrawal from Russian oil products, pipeline gas and liquid natural gas. PERISCOP/