STOP PUTIN’S
100 BIGGEST BANKROLLERS

Ending finance for Putin’s fossil fueled regime will help end the war on Ukraine.

View List now Why it matters

Who are the Putin100?

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.

progress so far:

de-invested

still Invested

1 bank & investor is de-investing
View List now

WHY THIS MATTERS

"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.

Sign the Avaaz Petition

Ranking Putin’s Bankrollers

UniCredit
CEO: Andrea Orcel
One of Italy's most important banks and one of Europe’s biggest banks. UniCredit is Gazprom’s second biggest banker, behind JP Morgan Case, having provided the company with vital capital - around $1.4 billion - since 2019. So far UniCredit’s response has been subdued. No response by the bank to the crisis has been seen.
Intesa Sanpaolo
CEO: Carlo Messina
The Italian bank’s own website proudly boasts a long-standing presence in Russia, servicing trade operations between Russian and Italian companies, and financing major investment projects there. So it’s no surprise that Italy’s largest bank has provided Russian oil and gas companies with nearly $1.2 billion in loans and underwriting since January 2019. This is despite publicly condemning the war.
Crédit Agricole
CEO Philippe Brassac
The French bank has been in the spotlight in the past week, as the largest financier of TotalEnergies, one of the only European oil majors to have refused to sever all ties with Russian oil and gas. It’s also a top 10 banker of Russian oil and gas companies. Its asset management arm, Amundi, is Total’s largest shareholder and needs to stop providing new capital to the fossil fuel company. Amundi is also one of Gazprom's top shareholders.
Société Générale
CEO: Frédéric Oudéa
With 12,000 staff still active at its Rosbank subsidiary in Russia, Société Générale enjoys a close relationship with Russian fossil fuel companies like Lukoil. The bank has provided the company with $500 million in the last three years which indirectly props up the Kremlin’s authoritarian regime and war machine.
Lloyd's of London
CEO: John Neal
Lloyd's of London insures about 40% of the world's energy industry and unlike most other European insurers, has not stopped insuring any fossil fuel projects. Lloyd's plays an active role in the Russian fossil fuel industry. Until they were forced out by US sanctions last year, numerous Lloyd's insurers covered the risks of the Nord Stream 2 pipeline. Lloyd's also reinsures SOGAZ, the insurance arm of the Russian gas giant Gazprom.

View the full Ranking List:

Bonds and shareholdings

in Russian coal (GCEL - Nov. 2021)
and oil & gas (GOGEL - Feb. 2022 ) companies

Investor Name
Investor Parent Country
Total (Millions USD)
1
Vanguard Group Inc/The
United States
$ 3,411
1
BlackRock
United States
$ 2,494
1
THE BANK OF NEW YORK MELLON CORP
United States
$ 2,088
1
Fidelity Investments
United States
$ 1,272
1
Allianz SE
Germany
$ 1,091
1
Schroders PLC
United Kingdom
$ 914
1
Affiliated Managers Group
United States
$ 821
1
Norges Bank
Norway
$ 773
1
Goldman Sachs Group Inc/The
United States
$ 691
De-investing
1
Invesco Ltd
United States
$ 650
1
JPMorgan Chase
United States
$ 580
1
Government Pension Investment Fund Japan
Japan
$ 524
1
UBS AG
Switzerland
$ 381
1
GQG Partners
United States
$ 357
1
Pictet Funds SA
Switzerland
$ 351
1
Charles Schwab Corp/The
United States
$ 318
1
LSV Asset Management
United States
$ 307
1
Carmignac Gestion SA
France
$ 257
1
Credit Agricole Group
France
$ 244
1
Dimensional Fund Advisors
United States
$ 226
1
BNP Paribas
France
$ 219
1
Credit Suisse Group AG
Switzerland
$ 212
1
East Capital Group
Sweden
$ 193
1
Caisse de Dépôt et Placement du Québec (CDPQ)
Canada
$ 176
1
Canada Pension Plan Investment Board
Canada
$ 176
1
Northern Trust Corp
United States
$ 162
1
Kopernik Global Investors
United States
$ 157
1
Government Pension Fund Global
Norway
$ 130
1
HSBC Holdings PLC
United Kingdom
$ 129
1
Franklin Resources Inc
United States
$ 128
1
State Street Corp
United States
$ 125
1
Carnegie Holding
Sweden
$ 123
1
Deutsche Bank
Germany
$ 114
1
Raiffeisen Bank International
Austria
$ 106
1
GAM Holding AG
Switzerland
$ 87
1
TIAA Board of Overseers
United States
$ 84
1
Grantham Mayo Van Otterloo & C
United States
$ 82
1
RAMBERO HOLDING AG
Switzerland
$ 79
1
Geode Capital Holdings
United States
$ 77
1
Lord Abbett & Co LLC
United States
$ 75
1
Neuberger Berman Group LLC
United States
$ 59
1
Prudential Financial Inc
United States
$ 57
1
Cosmo Films Ltd
India
$ 55
1
OP Financial Group
Finland
$ 55
1
Voya Financial
United States
$ 53
1
Odey Asset Management
United Kingdom
$ 53
1
Japan Mutual Aid Association of Public School Teachers
Japan
$ 45
1
Legal & General Group PLC
United Kingdom
$ 44
1
Swedbank AB
Sweden
$ 42
1
FinEx Capital Management
United Kingdom
$ 42
1
Macquarie Group Ltd
Australia
$ 42
1
Intesa Sanpaolo SpA
Italy
$ 41
1
Jones Financial Cos LLLP/The
United States
$ 41
1
BRADINAR HOLDINGS LTD
Cyprus
$ 41
1
Van Eck Associates Corp
United States
$ 37
1
Aviva
United Kingdom
$ 35
1
DZ Bank
Germany
$ 35
1
Fuh Hwa Investment Trust Co Lt
Taiwan
$ 35
1
Heptagon Capital LLP
United Kingdom
$ 35
1
Arrowstreet Capital
United States
$ 34
1
Royal Bank of Canada
Canada
$ 33
1
Erste Group Bank AG
Austria
$ 32
1
Liontrust Asset Management PLC
United Kingdom
$ 31
1
FRANK RUSSELL COMPANY
United States
$ 31
1
Orix Corporation
Japan
$ 30
1
Prosperity Capital Management/
United Kingdom
$ 28
1
Abrdn
United Kingdom
$ 26
1
Sun Life Financial Inc
United States
$ 26
1
DekaBank Deutsche Girozentrale
Germany
$ 25
1
American International Group I
United States
$ 25
1
Van Eck Global
United States
$ 25
1
Renta 4 Banco SA
Spain
$ 25
1
Marsh & McLennan Cos Inc
United States
$ 24
1
Zurich Cantonal Bank
Switzerland
$ 22
1
Muzinich & Co Inc
United States
$ 22
1
Research Affiliates
United States
$ 22
1
M&G PLC
United Kingdom
$ 21
1
Victory Capital
United States
$ 21
1
Jupiter Fund Management PLC
United Kingdom
$ 21
1
EFG International AG
Switzerland
$ 20
1
Total:
$ 21,777

Loans & underwriting

in Russian coal (GCEL - Jan.2019-Nov.2021)
and oil & gas (GOGEL - Jan.2019-Feb.2022) companies

Bank Name
Bank Parent Country
Total (Millions USD)
1
JPMorgan Chase
United States
$ 3,565
1
UniCredit
Italy
$ 1,636
1
Intesa Sanpaolo
Italy
$ 1,450
1
Crédit Agricole
France
$ 960
1
Société Générale
France
$ 948
1
Citi*
United States
$ 883
1
SMBC Group
Japan
$ 799
1
Commerzbank
Germany
$ 579
1
Credit Suisse
Switzerland
$ 411
1
BPCE/Natixis
France
$ 360
1
Mizuho
Japan
$ 272
1
Bank of China
China
$ 228
1
ING Group
Netherlands
$ 215
1
MUFG
Japan
$ 200
1
Deutsche Bank
Germany
$ 160
1
UBS
Switzerland
$ 136
1
Industrial and Commercial Bank of China
China
$ 76
1
Raiffeisen Banking Group
Austria
$ 67
1
RCB Bank
Cyprus
$ 50
1
Citigroup*
United States
$ 28
1
Bank of America
United States
$ 28
1
Total:
$ 13,051
*Citi and Citigroup are listed twice due to different methodologies for coal totals vs oil and gas

Top non-Russian insurers active in covering the fossil fuel sector*

1
AIG
1
Atradius Re
1
AXA
1
Chubb
1
General Re
1
Hannover Re
1
Lloyd's
1
Munich Re
1
Partner Re
1
SCOR
1
Swiss Re
1
Tokio Marine
1
Travelers
1
Zurich
*Exact data on market shares in the Russian fossil fuel insurance sector are not available. This list was created based on the following criteria: leading role in the global fossil fuel insurance sector; participation in the Nord Stream 2 pipeline (until US sanctions were applied in February 2021); reinsurance support for Gazprom insurer SOGAZ; major Russian market share according to InsuranceERM; company websites.

About us

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.

Sign our Avaaz Petition: $top fuelling Putin’s war! >>>
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