Investment Banking

Ukraine takes aim at JPMorgan, HSBC and Citi over financing Russia ‘war crimes’

‘Everybody who is financing these war criminals, who are doing these terrible things in Ukraine, are also committing war crimes in our logic’

Oleg Ustenko, economic adviser to president Volodymyr Zelenskyy, said Ukraine was preparing legal action after the war ends
Oleg Ustenko, economic adviser to president Volodymyr Zelenskyy, said Ukraine was preparing legal action after the war ends Photo: Dogukan Keskinkilic/Getty Images

A senior aide to Ukrainian president Volodymyr Zelenskyy said major US banks should be prosecuted over "war crimes" for financing trade with Russia's regime.

Oleg Ustenko, president Zelenskyy's economic adviser, took aim at JPMorgan, HSBC and Citigroup, saying the Ukrainian government believes by financing companies that trade oil with Russia, the banks are aiding the Kremlin’s assault on Ukraine, CNBCreported.

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