Russian aggression against Ukraine continues to be fueled by the continuing super profits from the sale of hydrocarbons. The current record prices for oil and gas strengthen the aggressor's confidence in the availability of financial resources for new cruise missiles against peaceful Ukrainian cities.
Meanwhile, the international community has launched consultations on an embargo on the purchase of russian oil.
On behalf of 250,000 Ukrainian power engineers, gas workers and miners, we ask you to protect the lives of our children by completely embargoing russian oil and gas. We are convinced that URALS and ESPO crude oil grades should become toxic, meaning there should be no possibility to resell even through intermediaries.
Such a complete embargo will not lead to turmoil in the Western world, as russian propaganda forecasts. There are enough producers in the world capable of increasing production and compensating for the loss of russian oil. There are also decisions at the government level on the use of strategic reserves.
With regard to gas, European countries have at least seven months to accumulate an alternative resource and transform their energy consumption before the new heating season.
We are convinced that this is the only way to force Russia to stop the war – to stop the killing of civilians, the destruction of houses, schools, kindergartens and hospitals.
The purchase of russian hydrocarbons finances the death of Ukrainian children in a monstrous war in Eastern Europe.
By falsely speculating on the lack of alternatives to russian supplies, the regime in Moscow is trying to make the Western world an accomplice in its crimes against humanity.
Don't be complicit! Launch a complete embargo on oil and gas from Russia! Stop killing Ukrainian children!
DTEK Group is the largest private investor in Ukraine’s energy sector, with 55,000 employees and over €12 billion of capital invested since 2005.
Our businesses generate electricity at wind, solar and thermal power plants; distribute and supply power to end consumers; extract natural gas and coal; trade energy resources on Ukrainian and foreign markets; and provide domestic and commercial energy services.
Over the last 20 years, DTEK has grown into a national energy leader and is today transforming into a pan-European clean energy business.
Since the full-scale invasion of Ukraine in 2022, DTEK Group has restored power to millions of consumers across regions affected by hostilities.
DTEK Group is 100% owned by SCM Holdings. The ultimate beneficiary and sole shareholder is Rinat Akhmetov, a businessman and philanthropist.