Chemical trade corporations based or owned by a few of Russia’s wealthiest people have been supplying components to factories producing explosives utilized by Moscow’s army in its struggle on Ukraine.
Supply: Reuters
Particulars: Reuters recognized 5 chemical corporations the place 5 billionaires underneath Western sanctions maintain stakes. These corporations have equipped over 75% of key chemical compounds transported by rail to a few of Russia’s largest explosive manufacturing vegetation from the beginning of the struggle till September this 12 months.
The businesses embody EuroChem, UralChem, UGMK, Lukoil and Evraz, linked to outstanding Russian billionaires resembling Roman Abramovich, Vagit Alekperov and Dmitry Mazepin.
The evaluation offers new proof that the West’s sanction technique geared toward punishing Russia for its invasion of Ukraine has didn’t curb its army manufacturing.
Though the billionaires themselves are underneath Western sanctions, their chemical corporations have largely averted main monetary restrictions or bans on importing essential items from the US or the European Union.
Moscow is closely investing in army manufacturing to replenish its ammunition shares. In 2024, Russia produced roughly 2.4 million artillery shells and imported 3 million from North Korea, a supply from the Safety Service of Ukraine stated.
Most merchandise from these chemical vegetation are meant for civilian use, resembling fertilisers essential for agriculture. Western coverage has lengthy exempted meals merchandise from sanctions to forestall famine and keep away from diplomatic backlash from growing nations.
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