(Reuters] Viva Energy in Australia announced on Tuesday that it would no longer buy Russian crude oil, following a rising number of businesses who have decided to end trade ties after the nation’s invasion of Ukraine.

Viva has joined a slew of Russian companies that are limiting or putting on hold their business in Russia after an imposing wave of sanctions on Moscow following the invasion – which was the largest on a European nation since World War Two.

Ampol spokesperson said that the company had not purchased Russian oil products or crude oil since the conflict began.

Viva (LON-) operates in Australia as Shell. Ampol, however, stated that it condemns Russia’s actions, and supports international sanctions.

Both firms stated that crude oil comes from many countries and they will be able maintain supply as Australia’s transport energy market is not heavily dependent on Russian crude.

Ampol stated that product supply chains in Australia are often free from Russian oil products.

Ampol admitted that events in Ukraine, as well as current international sanctions, were placing pressure on oil prices around the world and that this was affecting Australian retail fuel prices.

According to reports, the United States of America and its European allies are considering banning Russian oil imports. This drove up oil prices to their highest level since 2008.

In a weaker broader market, the shares of both fuel suppliers dropped more than 3 percent.