News Feed

Ukraine removes companies from 'international sponsor of war' list as part of military aid negotiations

1 min read

One bank and five shipping companies have been provisionally removed from Ukraine's 'international sponsor of war' list, Ukraine's National Agency for Corruption Prevention (NACP) announced on Sept. 29.

The move concerns the Hungarian OTP Bank and five Greek shipping companies: Dynacom Tankers Management, Delta Tankers, Thenamaris Ships Management, Minerva Marine, and TMC Tankers.  

The NACP hopes that this will "lead to Hungary’s unblocking of €500 million of vital EU military aid for the Ukrainian people, and will also eliminate the possibility of Greece blocking the future EU sanctions package aimed at reducing Russia’s ability to continue the war."

OTP Bank was added to the list in May 2023, while the shipping companies have been on the list since August 2023.  

The decision to "temporarily suspend" thier inclusion on the list was made following negotiations between NACP "representatives and representatives of companies and governments in these countries," according to the agency.

The companies will be fully removed from the list once they have fulfilled the conditions agreed upon with NACP regarding cooperation with Russia.

The 'international sponsor of war' is designed to be "a powerful reputational tool," the NACP explains on its website.

The NACP aims to encourage the exit of international business from Russia, reducing the country's "financial and technological ability to kill Ukrainians."

Multinational companies like Unilever, Bacardi, and AliExpress are currently included on the list.

Avatar
Elsa Court

Audience Development Manager

News Feed
Video

Along the Dnipro River in southern Ukraine, the front line has remained largely static, but fighting continues every day. The Kyiv Independent’s Francis Farrell and Olena Zashko embedded with Ukraine’s forces in Kherson Oblast, following FPV drone and night bomber teams tasked with defending river islands.

Earlier on Jan. 1, Volodymyr Saldo, a Ukrainian politician turned top Russian proxy head of Russian-occupied parts of Kherson Oblast, accused Kyiv of launching three drones at a hotel and a cafe on the Black Sea coast. Saldo claimed that the alleged New Year drone strike on the village of Khorly killed 24 people, including a child, and wounded more than 50.

Ukraine formally joined the European Union's single roaming zone on Jan. 1, allowing Ukrainian citizens to use their mobile phone service across the European bloc without incurring additional charges.

 (Updated:  )

'All memories of my childhood in Pokrovsk seem like a dream, as if it never really happened.'

Show More