The government of Ukraine demanded that the leadership of the largest banks in Europe and the United States stop cooperation with Russia in the field of oil trade. Oleg Ustenko, adviser to the President of Ukraine, sent a letter about this to the American JPMorgan Chase, Citigroup, British HSBC and French Credit Agricole, The Financial Times reports..

By lending money to companies that supply Russian oil, banks are “prolonging the war,” Ustenko explains.. Ukrainian special services are collecting information about such cooperation with Russia, and after the end of the war, the Ministry of Justice of Ukraine is going to apply to the International Criminal Court on this matter..

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“From my point of view, they are committing war crimes because they help the Putin regime in this special way and support the regime,” Ustenko said..

The presidential adviser added that such financial organizations would not be allowed to participate in the post-war reconstruction of Ukraine..

In response to Ustenko's letter, JPMorgan said they are actively involved in the application of anti-Russian sanctions.. Citigroup and Credit Agricole announced the curtailment of activities in the Russian Federation, and HSBC did not comment on the situation.

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As a result of the large-scale invasion of Ukraine on February 24, 2022, Russia found itself in an unprecedented international isolation, including in the trade sphere. While public attention is focused primarily on problems with the rejection of Russian energy resources, the sanctions packages adopted against Russia have already banned the import of a wide range of goods into Western countries.. Read more in the article by Igor Guzhva and Evgeny Ivanov "