Zelensky’s economic adviser says Ukraine will pursue war crimes charges against leaders of JPMorgan Chase, Citi, and HSBC over Russian financing.

President of Ukraine Volodymyr Zelensky.KRINFORM/Ukrinform/Future Publishing via Getty Images

  • Ukraine is pursuing war crimes charges against leaders of major Western banks, an official said.

  • Zelensky’s adviser, Oleg Stanko, first asked banks to stop financing Russian oil traders.

  • Ustenko told CNBC on Tuesday that Ukraine is collecting data from the banks and will send it to the ICC.

Ukraine is pursuing war crimes charges against leaders of JPMorgan Chase, Citigroup, and other major Western banks over alleged indirect Russian state funding, an economic adviser to Ukrainian President Volodymyr Zelensky said Tuesday.

“There is no doubt that Russia is committing war crimes in Ukraine, against Ukrainians,” Oleg Stanko, the adviser, said in an interview. CNBC. “In our logic, anyone who is financing these war criminals who are doing these terrible things in Ukraine is also committing war crimes.”

Earlier this month, Ustenko wrote to JPMorgan Chase CEO Jamie Dimon and the owners of Citigroup and HSBC to cut ties with companies that trade Russian oil and stakes in Russian oil and gas firms such as Gazprom and Rosneft. They sell

Ustenko said of the banks in his CNBC interview: “We’re probably not going to go after the companies, but the managers of those companies.”

He added: “We have different options. The first option is definitely the ICC.”

Ustenko said Ukraine’s justice and security services are collecting information about the banks’ activities that will be sent to the International Criminal Court.

gave ICC People have the power to prosecute, but not institutions.

In his letters to the bank’s CEOs, seen by Financial TimesUstenko accused the banks of “prolonging” the war in Ukraine.

JP Morgan provides credit to Vitol, which trades Russian oil, and the bank’s Russian securities investment trust holds stakes in Rosneft, Sberbank, and Gazprom, Stanko told Dimon in his letter, according to the Financial Times. said HSBC’s asset management arm also has stakes in Gazprom and Rosneft, and Citigroup credits Vitol and Russian energy giant Lukoil, according to the Financial Times.

JPMorgan, HSBC, and Citigroup did not immediately respond to Insider’s requests for comment.

Citi told the Financial Times it had scaled back its business in Russia. JP Morgan told the publication that it had helped implement sanctions against Russia.

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