Ukraine designates world's largest oilfield services company sponsor of war

The National Agency on Corruption Prevention (NACP) included the American oilfield service company SLB (Schlumberger) in the list of international sponsors of the war, the department's website reported.

NACP explains the decision by the fact that the company not only continued its work in Russia, but also expanded there, taking advantage of the exit of competitors.

SLB, which operates in Russia and Central Asia, in the third quarter of 2022 increased its turnover by 25% compared to the previous quarter. Its performance is much better than that of other branches of the company.

In March 2022, Schlumberger announced that it would immediately suspend new investments and introduction of new technologies in Russia. But, unlike Halliburton and Baker Hughes, which sold their businesses, SLB still works in Russia and even participates in mobilization activities in the Russian Federation.

"SLB, like hundreds of other foreign businesses, still openly supports the Russian war machine. At the same time, the company declares that it does not violate any sanctions. If international companies still have this opportunity, then our task is to eliminate similar loopholes in the sanctions regime," said Agia Zagrebelska, the head of the minimization of corruption risks in the sanctions policy department at the NACP.

On March 23, the Austrian banking group Raiffeisen appeared in the list of international sponsors of war.

Previously, such well-known companies as Metro, Procter & Gamble, Auchan Holding and Bonduelle were also added to it.