The Putin100 is a shortlist of financial institutions that support the Russian fossil fuel industry through investments, loans, insurance and other services.
While sanctions are stopping some of the support for Putin's war machine, more is needed, and other financiers still need to take urgent action to help stop the illegal invasion of Ukraine.
"Human-induced climate change and the war on Ukraine have the same roots -- fossil fuels -- and our dependence on them.” - Svitlana Krakovska, Ukrainian Climate Scientist
Selling oil, gas and coal is the engine behind Putin’s war effort. US President Biden just issued an order banning the import of Russian oil and gas, while also stopping US companies from any new Russian fossil fuel investments. That’s huge – but now other governments and their financial centres need to follow, and Wall Street needs to go further.
International financial institutions are still providing Russian fossil fuels with investments, insurance and loans. Pressure is mounting, and lives are on the line. Every day, more financiers are stopping investments in Russia. But some of the biggest financiers, particularly from Europe, are still refusing to take action. We need to shine a spotlight on those staying silent and help end Putin’s war by cutting off its funding for good.
To read a letter from 75 groups around the world calling on financial institutions to stop providing financial services for fossil fuel companies in Russia click here.
in Russian coal (GCEL - Nov. 2021)
and oil & gas (GOGEL - Feb. 2022 ) companies
in Russian coal (GCEL - Jan.2019-Nov.2021)
and oil & gas (GOGEL - Jan.2019-Feb.2022) companies
Putin100 is brought to you by Urgewald, Bank on our Future, Insure Our Future and BlackRock’s Big Problem.
Putin100 is owned by The Sunrise Project.
