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Ukrainian Official Accuses Major Global Banks of War Crimes

Ukrainian Official Accuses Major Global Banks of War Crimes

by Starling Insights

Starling Insights Editorial Board

Jul 26, 2022

Observations

National Security Concerns Governance, Audit & Regulatory Failures

Earlier this month, Oleg Ustenko, economic adviser to Ukrainian President Volodymyr Zelenskyy, sent letters to the heads of several US and European banks, imploring them to sever ties with groups that trade Russian oil.

Ustenko urged the bankers to stop financing companies that trade Russian oil and to sell their shares in state-backed oil and gas companies. In an Interview with the Financial Times, he stated that he plans to sue the banks at the International Criminal Court once the war ends.

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