The Ukrainian government is accusing four major banks of war crimes for their continued funding of business with Russian fossil fuels. Citi, HSBC, JP Morgan and Crèdit Agricole are lending billions of dollars a year to fossil fuel companies. And lots of those fossil fuel companies are still doing business with Russia. Any business with Russia sends money straight into Putin’s war chest and allows him to continue his illegal war. So banks are helping to fuel Putin’s war crimes, and are therefore complicit in those war crimes, according to the Ukrainian government.
“Everybody who is financing this war criminals, who are doing these terrible things in Ukraine, are also committing war crimes in our logic” – Oleg Ustenko, economic advisor to Zelenskyy
Now, the Ukranian government wants the banks prosecuted for the war crimes alongside Putin himself:
The banks must end ALL financing of companies that trade Russian oil and gas, and sell shares in Russian fossil fuel companies Gazprom and Rosneft. NOW.