Dozens of activists from Ukraine and Europe within the Stop Bloody Energy initiative held a rally in Davos against the energy business, which continues to operate in Russia. Russia has unleashed the most brutal and bloodiest war of the 21st century. Russia has been destroying Ukraine for three months.

Tens of thousands of people were killed, and hundreds of towns and villages were destroyed. Nevertheless, Russia continues to receive funding to continue the bloody war. Since February 24, the country has received more than 63 billion euros for the sale of its energy resources alone.

Norway’s Equinor said on Wednesday, May 25th, it has exited its Russian oil and gas joint ventures due to the war in Ukraine, transferring assets to state-owned Rosneft.

On May 24, action against the energy businesses, which continue to work with the Russian Federation, will be held in Davos.

At the World Economic Forum, Ukrainians will call on the world to stop investing in killing their citizens. Within the framework of the event, a performance by Ukrainian artist Dariya Koltsova, “The Last Lullaby” will take place. Another part of the #StopBloodyEnergy campaign will be the “Time to Choose Your Own Path” art initiative.

As organisers of the #StopBloodyEnergy action, we emphasise that the world must end this war through complete cessation of cooperation with russia. If not done today, tomorrow this may lead to war spreading far beyond Ukraine. Each of us is in russia’s crosshairs. Deprive them of their weapons – stop investing in the war!

Date: May 24, 2022
Time: 10:30–19:00
Performance time of Dariya Koltsova: 11:00–12:30, 14:00–16:00, 18:00–19:00
Location: Davos, street near Economic Forum

Swiss engineering group Sulzer has put its Russia business up for sale, joining the exit from the market hit by Western sanctions over Moscow’s invasion of Ukraine. The sales process will begin immediately, it said on Tuesday without providing further detail. A spokesperson said all options were open, including a buyout by local management.

Some 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are sitting in vessels at sea, data from energy analytics firm Vortexa showed, as traders struggled to find buyers for the crude.

Poland said on Monday it had terminated its agreement with Russia to receive Russian gas via the Yamal pipeline, after Warsaw rejected a demand to pay for the fuel in roubles and Moscow responded by cutting off supplies in April.

Nord Pool has decided to stop trading Russian electricity from its only importer in the Baltic States Inter RAO. It means that as of Sunday, Lithuania will have completely cut import of Russian energy supplies, i.e. oil, electricity or natural gas.

Finland is the third European country to lose gas from Russia after refusing to pay for the fuel in rubles. Flows on a main pipeline from the region’s top supplier were halted in the early hours of Saturday, according to a filing by Finnish importer Gasum Oy. Poland and Bulgaria had their taps turned off last month for the same reason.

Treasury Secretary Janet Yellen said officials have discussed secondary sanctions and other ways to limit Russia’s oil revenues while minimizing the impact on energy prices during a meeting of finance ministers from the Group of Seven countries.

The European Union intends to mobilise up to 300 billion euros of investments by 2030 to end its reliance on Russian oil and gas, European Commission President Ursula von der Leyen said on Wednesday.