Volodymyr Zelenskyʼs economic adviser Oleg Ustenko wrote letters to American and European banks JPMorgan Chase, HSBC, Citigroup and Credit Agricole, in which he accused them of ties to Russia.
The Financial Times writes about it.
In the letters, Ustenko accused the banks of prolonging the war by providing loans to companies supplying Russian oil and selling shares in Russian-backed oil and gas groups. He also wrote that these banks will not be involved in the post-war reconstruction of Ukraine if they do not stop financing Russian companies.
- HSBC and Credit Agricole own shares in Gazprom and Rosneft. Citigroup provides loans to Lukoil and the Vitol fund, which trades in Russian oil and owns stakes in these companies. JPMorgan also provides credit lines to Vitol.