Transportation of Russian oil stopped: three Greek shipping companies removed from the list of international war sponsors

24.11.2023

The National Agency on Corruption Prevention (NACP) has removed three Greek shipping companies from the list of international sponsors of war. These are Thenamaris Ships Management Inc., Minerva Marine and TMC Tankers LTD. The decision was made after the companies stopped transporting Russian oil. In the summer of 2022, the NACP granted the status of "sponsors of war" to five Greek companies, including Minerva Marine, Thenamaris and TMS Tankers. The companies transported Russian oil and petroleum products, thereby replenishing the budget of the terrorist state and financing Russian aggression. To learn more about how Greek shipowners replenish Russia's budget despite the sanctions, please follow the link. "Russia has always used energy, particularly oil, as a weapon. This still allows Russia to influence other countries, even despite the sanctions imposed on it. It is important that more and more international companies refuse to cooperate with Russia, especially in the oil sector. First of all, this weakens the economic capabilities of the aggressor's military machine. And here we are talking not only about the integrity and responsibility of such companies, but also about the possibility of not being sanctioned," emphasized NACP Head Oleksandr Novikov. Earlier, the list of international sponsors of the war was expanded to include the world's leading marine fuel supplier, Irish Peninsula Petroleum Limited, one of the world's largest diamond producers and exporters, Shree Ramkrishna Exports (SRK), and the British Mondi Group of Companies, which produces paper and packaging. The National Agency is open to cooperation with international business and is ready to consult on the steps necessary to de-list each individual company. 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.