Western leaders have condemned Putin’s
troops' war crimes and pledged to assist Ukraine – yet
the fossil fuels funding this war continue to flow from
Russia, despite Ukrainians’ cry to stop Russian oil
trade.
Thanks to your support Vladimir,
we’ve been keeping up the pressure on the
companies enabling this deadly trade.
Our investigation showed that more
than 360 ships discharged a staggering quantity of
fossil fuels loaded from Russian ports between February
and March 2022.
Every one of these vessels were insured by
western insurance associations. These companies have
no excuse for continuing to underwrite an
industry that fuels war as well as the
destruction of our shared planet.
Oleg Ustenko, Chief Economic Advisor to
Ukrainian President Volodymyr Zelenskyy, called on these
insurers to stop covering tankers carrying
Russian fossil fuels.
Read our investigation in
Bloomberg
Commodity traders —a little-known, small
group of western companies that dominate the world’s
supply of natural resources including oil—were also
doing their bit. According to data seen by Global
Witness, several traders have continued to lift
large volumes of Russian fossil fuels since the
invasion.
In fact, three of the world’s largest
commodity traders—Vitol, Trafigura and
Glencore—transported more oil from Russian ports than
they had done in the same period over at least the last
three years, our analysis reveals. They all also
have stakes in Russian state-owned oil companies.
Read our investigation in the
Financial Times
The enablers of Russia’s trade in fossil
fuels are propping up a regime that murders innocent
civilians. These companies now have a choice. Exclude
Russian fossil fuels from their business or remain
complicit in Putin’s war crimes.
Onwards,
The Global Witness
Team
