International energy companies that have received excess profits due to hydrocarbon price hikes due to Russia's war in Ukraine should direct part of this money to restore the destroyed energy infrastructure of Ukraine. This was stated by Minister of Energy German Galushchenko, Politico reports..
According to him, the West needs to close loopholes in sanctions related to the sale of Russian energy in order to prevent an “endless war” in Ukraine.. He also added that Kyiv can provide alternative nuclear fuel so that some EU countries can get rid of dependence on the Russian Federation..
“Many energy companies are making huge windfall profits thanks to the war.. So we valued it at more than $200 billion… They get this money because we are fighting because of the war,” he said..
“I think it would be fair to share this money with Ukraine. I mean, to help us restore, rebuild the energy sector,” he added..
Recall that the figure of $200 billion is often cited as the profit of the top five companies - BP, Chevron, ExxonMobil, Total and Shell - in 2022..
The minister noted that the Lithuanian company Ignitis Group is already going to use about 10 percent of its profits to help rebuild Ukraine, and said larger companies should follow suit..
According to Galushchenko, Moscow will be able to wage eternal war in Ukraine as long as the Kremlin profits from the sale of fossil fuels.
Since the Russian Federation continues to look for and find ways to circumvent international embargoes.
“If, on the one hand, you try to limit them, and on the other hand, you give them opportunities, you will allow them to wage an endless war,” he complained..
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Recall that at the end of last year, direct losses of Ukrainian infrastructure as a result reached $137.8 billion.. Since November, this amount has grown by almost $2 billion..