Ukraine to Charge Leaders of JPMorgan Chase, Citi, and HSBC for Warcrimes

The Government of Ukraine intends to take legal action against leaders of JPMorgan Chase, Citi, and Hongkong and Shanghai Banking Corporation (HSBC) for their alleged complicity in the war crimes that are being committed by the Russian army.

In an interview with Consumer News and Business Channel (CNBC), economic advisor to Ukrainian President Volodymyr Zelenskyy Oleg Ustenko revealed that the Ukrainian government will charge the leaders of the financial institutions for their alleged indirect funding of the Russian forces in Ukraine.

Ustenko said that there is “no doubt” that Russian forces are committing war crimes in Ukraine. 

“In our logic, everybody who is financing these war criminals who are doing these terrible things in Ukraine are also committing war crimes,” said Ustenko.

Ustenko previously disclosed to the British news agency Financial Times that he wrote to Jamie Dimon, CEO of JPMorgan Chase, and the heads of Citigroup and HSBC earlier this month to urge them to sever links with enterprises that deal in Russian oil and offer shares in Russian oil and gas corporations like Gazprom and Rosneft.

“In my view they are committing war crimes because they are helping the Putin regime in this specific way and they are supporting the regime,” said Ustenko. 

Ustenko claimed that information about the operations of the banks are being gathered by Ukraine’s judiciary and security services and will be forwarded to the International Criminal Court (ICC), which has the authority to prosecute individuals but not organizations.

JPMorgan and Citi both asserted that they actively took part in Western sanctions against Russia, while HSBC did not deliver any comments regarding Ustenko’s accusations.


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