Turkey’s leading refiner Tupras halts buying Russian oil due to sanctions
During a recent earnings report call, a company disclosed that they would no longer be conducting business with Russian energy companies and tankers transporting Russian oil. This decision comes in response to the ongoing conflict in Ukraine and the resulting economic sanctions against Russia.
The company highlighted that they are taking this action to show solidarity with Ukraine and express their disapproval of Russia’s aggression. They believe that by cutting ties with Russian energy entities, they are taking a stand against injustice and supporting Ukraine in a time of need.
Furthermore, the company emphasized that they are committed to upholding ethical business practices and maintaining a socially responsible image. By severing connections with Russian energy companies, they are aligning themselves with their values and demonstrating to their stakeholders that they prioritize morality over profit.
This decision to stop working with Russian energy companies and oil tankers is not without consequences. The company acknowledged that there may be financial implications and challenges associated with this move. However, they believe that the long-term benefits of standing up for what is right far outweigh any short-term losses they may incur.
In addition to ceasing business with Russian energy entities, the company expressed their support for humanitarian efforts in Ukraine. They stated that they are exploring ways to provide aid and assistance to the people of Ukraine who have been affected by the conflict. By combining their actions with tangible support, they hope to make a meaningful impact and contribute to the relief efforts in the region.
Overall, the company’s decision to cut ties with Russian energy companies and oil tankers is a bold and principled move. It sends a clear message that they stand against aggression and support those in need. By taking a stand for what they believe is right, the company is setting an example for others in the business community to prioritize ethics and values above all else.
