This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.rt.com/business/573845-kiev-demands-western-war-profits/

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Kiev demands cut of Western 'war profits' – Politico Kiev demands cut of Western ‘war profits’ – Politico
(about 4 hours later)
Ukraine’s energy minister has said the conflict with Russia has allowed oil and gas majors to rake in record revenuesUkraine’s energy minister has said the conflict with Russia has allowed oil and gas majors to rake in record revenues
Major oil companies have made record profits as a result of the conflict in Ukraine and should pay to rebuild the country’s war-torn infrastructure, Ukrainian Minister of Energy German Galushchenko said on Wednesday in an interview with Politico.Major oil companies have made record profits as a result of the conflict in Ukraine and should pay to rebuild the country’s war-torn infrastructure, Ukrainian Minister of Energy German Galushchenko said on Wednesday in an interview with Politico.
According to Galushchenko, oil and gas majors have generated windfall profits of more than $200 billion due to wild swings in global energy prices, and should transfer some of those funds to Ukraine.According to Galushchenko, oil and gas majors have generated windfall profits of more than $200 billion due to wild swings in global energy prices, and should transfer some of those funds to Ukraine.
Western sanctions imposed on Russia over the past year in response to Moscow’s military operation in Ukraine have sent energy prices soaring.Western sanctions imposed on Russia over the past year in response to Moscow’s military operation in Ukraine have sent energy prices soaring.
In 2022, oil majors Shell, BP, Exxon Mobil, Chevron, and TotalEnergies posted a combined profit of $196.3 billion, marking an all-time high for the industry. In 2022, oil majors Shell, BP, Exxon Mobil, Chevron, and TotalEnergies posted a combined profit of $196.3 billion, marking an all-time high for the industry. 
“I think it would be fair to share this money with Ukraine. I mean, to help us to restore, to rebuild the energy sector,” Galushchenko said on a visit to Brussels, adding that the record profits had been achieved purely because of the conflict in his country.“I think it would be fair to share this money with Ukraine. I mean, to help us to restore, to rebuild the energy sector,” Galushchenko said on a visit to Brussels, adding that the record profits had been achieved purely because of the conflict in his country.
According to the latest assessment by the Ukrainian government, the World Bank, the European Commission, and the UN, the estimated cost of the country’s reconstruction and recovery will be over $400 billion.According to the latest assessment by the Ukrainian government, the World Bank, the European Commission, and the UN, the estimated cost of the country’s reconstruction and recovery will be over $400 billion.
The Ukrainian energy minister also called on the West to take further steps to plug sanctions loopholes that allow Russian energy producers to continue exports.The Ukrainian energy minister also called on the West to take further steps to plug sanctions loopholes that allow Russian energy producers to continue exports.
For more stories on economy & finance visit RT's business sectionFor more stories on economy & finance visit RT's business section