or distance themselves from Russia. Scores of fund managers, from Abrdn plc to DWS Group have said they’ll stop investing in Russia for the foreseeable future and expressed solidarity with Ukraine, though critics say investors could do a lot more to cut off the dollars feeding the fossil fuels that power Russia’s war machine.
“At a time when even oil majors have written off billions of dollars in Russian assets overnight, the finance sector is missing in action,” said Peter Bosshard, coordinator of the Insure our Future campaign, one of the groups behind the letter. “These financiers should immediately stop all support for oil, gas, and coal companies.”
The 100 finance firms to receive the letter are those most exposed to Russian fossil fuels, according to the nonprofits. Other recipients include Allianz SE, Deutsche Bank AG, UBS Group AG, Credit Suisse Group AG, Goldman Sachs Group Inc and Vanguard Group Inc.of over 60 major energy firms that are either headquartered or active in Russia that they want banks and investors to divest from.
So, in Russia 140 million population there were 12,000 protests today 4,500 were arrested but on social media, TV, phone calls, the rest of the Russians call them saboteurs of society, fools and criminals
Cut off? Is it hard to use your brain? Isn't the oil price high enough? What logic? Mentally retarded? Do you understand economics?
EmmanuelMacron vonderleyen eucopresident EP_Edinburgh EU_Commission Europarl_EN UN NATO POTUS OlafScholz BorisJohnson Isaac_Herzog naftalibennett Close the sky over Ukraine. Or you also want us to be killed?!
Україна та інші не з НАТО і тому кажуть, що не можуть йти захищати її. НАТО бреше українцям. Вступивши в НАТО, думаючи, що ти в безпеці, будеш самотнім, як Україна. Кувейт не був частиною НАТО, але вони пішли захищати нафту. Проблема в тому, що цього разу це Росія.
Ukraine is a peaceful country, never threatened anyone, agreed to give up its nuclear power in exchange for guarantees of sovereign borders. Now rivers of innocent blood are pouring, it's a genocide, and Nato is idle. Squeeze russian economy and ClosetheSkyoverUkraine
Without provocation, Putin single-handedly started a war w/Ukraine. Therefore, World/Business leaders MUST mount & hasten a full-court press against the Russian economy & squeeze it! The Russian people need to know the shocking truth & be emboldened to openly turn against Putin!
Russia's are such bad neighbors if you put them on Easter island you would come back the next day and find all the statues pushed into the sea and the Russians screaming 'they started it !!'
Keep Fucking and there will be nothing to defend or defenders.
TBH, I really want to see this. Europe has the money, Russia has the energy. Cut the exchange, who will suffer first. They still in winter.
Climate groups must also ask for reduction in all financing of fossil fuel towards more climate sensitive financing instead of bring echo chambers for big emitters like US, UK, France etc
These kind of immature sanctions DO NOT STOP BULLETS You can cancel all the Russians but if you don't stop the army and Putin, everything is in vain. why are you so stupid? America and European countries are only sending weapons to keep this war going.
Luisamneubauer you did it!
Time for change, what good is money and profit with no World!!!
CIA hat Kriege angezettelt, Präsidenten ermorden lassen, Länder in Schutz und Asche gebombt. 3 Präsidenten der USA sind die grössten ..
Do climate activists hate crypto currency?
Bitcoin Bullish ?
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Gas will be $10 per gallon for Americans before this is over.
I think the problem is that the Russians can't see that because of the censorship. The dictator and his henchmen care little about Western public opinion
Russia is the biggest land mass in the world as has its own vast resources so its going to be pretty hard to effect them by cutting ties.
If Trump was still in charge we wouldn't be talking about energy because when he left office he gave Biden energy independence, And now the Biden administration has more restraints on American energy than it's willing to put on Russia!!!!! SMFH
Let’s enlighten the world with “The Right to Peace” for every single human being.