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Ukraine foreign minister Kuleba condemns Big Oil links to Russia

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Dmytro Kuleba is Ukraine’s Foreign Minister. He speaks to the U.N. General Assembly about the current situation between Russia and Ukraine. The meeting was held at United Nations Headquarters, Manhattan, New York City. February 23, 2022.

Carlo Allegri | Reuters

Ukraine Foreign Minister Dmytro Kuleba launched a scathing attack on firms still doing business with Russia, saying that some major oil companies could find themselves on the wrong side of history.

The world will decide them accordingly. He said that history would judge them according to his words in an interview with CNBC’s Hadley Gamble on Monday.

Russia has been the target of a few oil-giants. Kuleba made these comments as ShellIt stated that it plans to end its joint ventures and agreements with Gazprom, the Russian giant of gas, as well as its associated entities. Energy giant BP announced Sunday that it was offloading its 19.75% stake in RosneftRussian-controlled oil firm ‘Russian Oil Company’ could potentially hit the British oil major, possibly with a $25 billion fine.

Kuleba mentioned France’s oil company and is now urging others to do the same. TotalEnergiesThe U.S. giant ExxonMobil. TotalEnergies owns a share in Russian gas producers Novatek & Yamal. Exxon, however, has its own connections to Rosneft.

Kuleba replied directly to questions about the firms: “I can phone, encourage, them and any other businesses.” They must cease doing business with Russia if they wish to preserve peace and the lives of civilians.

You should stop doing business in Russia. You can do this immediately if you are able to demonstrate moral support. He said that trading with Russia amounts to financing aggression, killing civilians, and the destruction of peaceful towns.”

Spokespersons TotalEnergies ExxonMobilCNBC reached out to them but they were not available immediately for comment.

Moscow received a number of new sanctions this weekend as a result of its invasion in Ukraine. Canada, Europe, and the U.S. agreed to take key Russian banks out of SWIFT, an interbank messaging network. Additional victims include banks, wealthy individuals, and airlines. President Vladimir PutinHowever, Russia’s energy sector is faring well.

Russian rubleThe stock market plunged Monday to an all time low. central bank hiked interest rates to an unprecedented 20%. There have also been reports of Russians queueing outside ATMsThey fear that the sanctions might cause cash shortages.

Kuleba stated that Russia’s people are stunned and already know how they feel about the unjustified aggression of President Putin.

He said that the international business community should adopt a “firm, solid consolidated position” against Russian financial transactions. He said that every Russian ruble bears a trace of Ukrainian blood.

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