Shell will take a hit of up to $5bn (£3.8bn) from offloading its Russian assets as part of plans to withdraw from the country.
Shell told the BBC: "Shell has not renewed longer-term contracts for Russian oil, and will only do so under explicit government direction, but we are legally obliged to take delivery of crude bought under contracts that were signed before the invasion."
As part of Shell's withdrawal plans, the company said previously it would offload a 27.5% stake in a Russian liquefied natural gas facility, a 50% stake in an oilfield project in Siberia and an energy joint venture.
It will also end its involvement in the Nord Stream 2 pipeline between Russia and Germany, which has been put on hold by ministers in Berlin.
Brent Crude - the global benchmark for oil prices - was trading at about $100 a barrel early on Thursday, but its price has risen to record levels since the war in the Ukraine.