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France Warns on Sanctions After Allegation Over Russian Bombers

  • Le Monde alleges TotalEnergies indirectly supplying air force
  • French oil giant denies backing Russia’s invasion of Ukraine
TotalEnergies still holds a 19.4% stake in Russian gas producer Novatek.

TotalEnergies still holds a 19.4% stake in Russian gas producer Novatek.

Source: Bloomberg

French Transport Minister Clement Beaune urged companies to ensure they aren’t breaching sanctions against Russia after newspaper Le Monde alleged that TotalEnergies SE may be indirectly providing jet fuel to the Kremlin’s air force.  

The French oil and gas giant denied that it’s backing Moscow’s invasion of Ukraine in any way. Le Monde published an article on Wednesday, which said that a Russian company 49% owned by TotalEnergies is producing gas condensates that may ultimately be processed into kerosene for Moscow’s bombers.