Ukraine Brands China’s Biggest Oil and Gas Companies ‘Sponsors of War’

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Ukraine’s National Agency on Corruption Prevention announced on Tuesday that it had decided to add China’s three largest oil and gas companies to its list of “international sponsors of war” for their lucrative business interests in Russia, potentially driving a wedge between Kyiv and Beijing.

The NACP’s decision to brand the China National Offshore Oil Corporation , China Petrochemical Corporation , and China National Petroleum Corporation “international sponsors of war” on Tuesday may complicate Zelensky’s efforts to maintain friendly ties with China.on Tuesday, “continue to implement joint projects with Russia and finance Russia’s strategic industry by paying significant taxes.” The NACP listed several business interests that each company maintains with Russia.

“One of the ‘leverages’ of the platform is cooperation with the World-Check database, which is used by banks and insurance companies for risk assessment,” NACP detailed.on Wednesday that Ukraine has placed more Chinese companies on the “international sponsors of war” list than those of any other country. Among the other 12 companies making the cut are telecommunications corporation Xiaomi, the online shopping site Alibaba, and the China State Construction Engineering Corporation.

 

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