Over $1 Billion Of Russian ‘Blood Money,’ Ukraine Tells Shell
Oil and gas giant Shell must donate more than $1 billion in unexpected profits from the potential sale of its assets in Russia to help rebuild Ukraine, according to a top Kyiv official.
In a letter to CEO Wael Sawan, dated April 18 and seen by POLITICO, Ukrainian President Volodymyr Zelenskyy’s economic adviser Oleg Ustenko called on Shell to share with Ukraine any profits from a potential Russian buyout of the British firm’s stake in a Siberian fossil fuel venture.
“If completed, this sale would represent the transfer of more than $1 billion in Russian cash into Shell’s accounts.
That would be blood money, pure and simple,” Ustenko wrote.
“We call on Shell to put any Russian sale or dividend proceeds to work for the victims of the war — the same war that those assets have fuelled and funded,” he added.
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