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Ukraine Decries TotalEnergies’ Russia Dividend as ‘Blood Money’

By Jenny Strasburg and Nick Kostov

Updated Sept. 1, 2022 12:20 pm ET

PARIS—French power firm TotalEnergies SE is coming underneath strain from Ukraine’s authorities to waive a dividend value a whole bunch of tens of millions of {dollars} from a Russian natural-gas large as Europe braces for a winter without ample supplies of the gas.

Oleg Ustenko and Mykhailo Podolyak—high advisers to Ukrainian President Volodymyr Zelensky—despatched a letter to TotalEnergies CEO Patrick Pouyanné on Thursday asking what he plans to do with the $440 million dividend the agency stands to reap from its 19% stake in PAO Novatek.

Related Topics:Blood Business C&E Exclusion Filter C&E Industry News Filter Content Types corporate Corporate Actions Corporate/Industrial News crude oil Crude Oil/Natural Gas Upstream Operations decries Dividend Dividends Earnings Energy Factiva Filters Financial Performance Fossil Fuels FR:TTE gas general news industrial news integrated oil Integrated Oil/Gas kwexclusive Military Action money national National/Public Security natural gas Natural Gas Extraction natural gas upstream operations Natural Gas/Oil Extraction Novatek NVTK.LN oil extraction Patrick Pouyanné political Political/General News public security Risk News Russia SYND TotalEnergies TotalEnergies SE TTE.FR Ukraine Volodymyr Zelensky WSJ-PRO-WSJ.com wsjcorp

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