NACP NACP
A-
A
A+
A
A
Звичайна версія сайту

Weatherford International added to the list of international sponsors of war : the company continues to strengthen Russia`s oil extraction industry

15.02.2024
ФФФФФФФФФФФ

The oil industry remains strategically important for Russia, as it allows the country to use energy as a weapon and influence other states. Although sanctions have been imposed on Russia in this area, the Irish-American company Weatherford International continues to operate in Russia, paying millions of dollars in taxes there and providing technological capabilities to the aggressor country in the oil industry. This was the reason for adding the company to the list of international sponsors of war.

Weatherford International specializes in the manufacture and supply of oilfield equipment and services to oil and gas companies. The company has been operating in Russia for 16 years, has created more than 2.5 thousand jobs there and maintains service facilities, bases and engineering enterprises in Russia. 

Weatherford is represented in Russia through Weatherford Holdings (Rus) LLC, Weatherford LLC and Weatherford Business Service LLC. In 2022, they paid more than USD 15 million in taxes to the aggressor's budget. 

Among Weatherford's partners in Russia is the notorious Rosneft oil company, which remains the main customer for its services.

The company also continues to be an active participant in import and export operations with Russia. In the period from February 24, 2022 to December 31, 2023, it imported goods to Russia for almost USD 1.5 million. Among them: materials and spare parts for the oil and gas industry (fittings, valves, shafts, gaskets, plastic products, bearings).

Weatherford has a clear intention to continue to fulfill existing contracts and sign new contracts with customers in Russia.

In its reporting, Weatherford promised to fulfill its contractual obligations, taking into account international sanctions. The company successfully rebuilt its equipment supply channels after the civilized world imposed sanctions on Russia, replacing suppliers with Russian or other foreign companies. This demonstrates not only the company's economic and technological support for the aggressor, but also its ideological support.The NACP is the body responsible for promoting the development of a compliance system in the private sector. During compliance procedures, counterparties are subject to integrity checks, including compliance with socially responsible business practices in accordance with OECD standards. The list of "International Sponsors of War" on the War and Sanctions portal is a powerful reputational tool for achieving integrity of supply chains in the international dimension, withdrawal of international business from Russia, and thus reducing the financial and technological capacity of the terrorist country to kill Ukrainians. One of the platform's "levers of pressure" is cooperation with the World-Check database, which is used by banks and insurance companies to assess risks. That is why for global companies the consequences of being on the list are worse than continuing to do business with the aggressor country.

Latest News

20.06.2025
15:40
Placement of electronic communications structures and logging on particularly valuable land: NACP recommendations prevented corruption abuses
19.06.2025
14:30
Municipal partnerships - a driver for transparent reconstruction and European integration – Deputy Head of the National Agency on Corruption Prevention
18.06.2025
18:15
Declared cash can be verified through an investigation, a notice of suspicion or a court verdict based on NACP materials
14:20
The Ministry of Education and Science of Ukraine has approved methodological recommendations for building integrity in higher education institutions
17.06.2025
15:15
Deputy Head of NACP at Brussels Forum debunked disinformation narratives about corruption in Ukraine
16.06.2025
13:55
The establishment of the lobbying institution: legislative changes will simplify procedures for businesses and delay the application of sanctions
13.06.2025
17:30
Based on NACP recommendations the Ministry of Economy has eliminated corruption risks in the regulation of business grant provision
12.06.2025
18:30
Full audits of declarations in May: NACP found violations worth nearly UAH 518 million
17:45
Sectoral analysis of corruption risks as a basis for future reforms: results of the meeting of the Steering Committee of the Swiss-Ukrainian project ‘Supporting Ukraine in the fight against corruption and asset recovery’
10:30
Half of the respondents rated their interaction with the Register of Declarations as the highest score — research
10.06.2025
16:15
Security and defence authorities, NACP and the NATO Integrity Building Programme agreed on further implementation of Alliance recommendations
14:30
21 apartments, parking spaces and cars: former law enforcement officer - lawyer suspected of corruption based on NACP materials
13:00
Digitalisation, participation and clear laws: Deputy Head of the NACP on anti-corruption safeguards in reconstruction
09.06.2025
14:40
UAH 12 million of illegal assets: former official of the Logistics Command of the Armed Forces of Ukraine suspected of corruption based on NACP materials
14:06
Over UAH 8 million may be confiscated from Chernihiv tax official based on NACP and SBI materials
12:30
New anti-corruption safeguards in land relations, taxation and academic integrity: implementation of state anti-corruption policy in the first quarter
06.06.2025
15:38
The number of court decisions in favour of whistleblowers increased by 56% - NACP analysis
15:15
Lobbying in Ukraine: development of transparency register ongoing
14:45
Civil forfeiture: over UAH 5.6 million may be confiscated from the former head of the Rivne Regional Council based on NACP and the State Bureau of Investigation materials
12:30
The Ministry of Education and Science of Ukraine has approved a guide for heads of schools entitled ‘Educational Navigator’
Чат-бот Telegram
contact center
Чат-бот Telegram
Contacts
+38 (044) 200-06-94 info@nazk.gov.ua
працює з 9:00 до 18:00
Технічна підтримка
support@nazk.gov.ua