Stop Financing Russian Energy
Russia’s energy sector is highly attractive for foreign investors. In 2021, total foreign direct investment in the energy resource sector amounted to $116 billion.
Without the financial support of foreign banks, investors and insurers, the Russian energy sector would be a shadow of its current self.
Foreign investors and banks have been doing business with Russia for decades. Some like the big profit margins, others appreciate the loose or largely absent regulatory oversight, and yet others have developed deep ties to one or more oligarchs, which promise repeat business.
Without them, Vladimir Putin’s ability to hold the EU in a chokehold over coal, oil, and gas deliveries would be greatly diminished. These are the Russian fossil fuel industry’s most significant foreign investors.