Civil society calls on EITI supporting cos. & govts. to take actions to stop Russian aggression in Ukraine
Civil society calls for efficient actions to stop Russian aggression in Ukraine, 13 June 2022
Ahead of the 53rd Extractive Industries Transparency Initiative (EITI) Board meeting on 16-17th of June 2022, NGOs...call on all EITI supporting companies and governments to take real actions to stop supporting Russia in its aggression against Ukraine and immediately discontinue both new and existing businesses in Russia and with Russian fossil fuels...
...[W]e call on extractive companies and governments to make not only statements on their concern but also real actions to stop supporting Russia in its aggression against Ukraine. With hundreds of Ukrainians dying every day and thousands of Ukrainians being tortured and abused, this is too high a price for some governments and companies to continue buying Russian hydrocarbons. In particular:
● immediately discontinue both new and existing business in Russia and with Russian fossil fuels, including exploration, production, and trading activities.
● immediately disclose and regularly update information regarding business with Russia so as to ensure accountability in line with the EITI principles, including the status of any equity holdings and operations in Russia; divestment decisions and processes (including human rights due diligence); payments to the Russian state and Russian state-owned companies, disaggregated by project; and, for commodity trading, the term contracts, other ongoing offtake obligations and sale-level volume and payment data in line with the EITI guidelines on first-trade transparency.
● end to the financing of aggression and to unite in imposing real and effective sanctions against Russia, including the prevention of bypassing those sanctions already introduced.