The National Agency on Corruption Prevention (NACP) listed the Belgian gas company Fluxys as an international sponsor of war for facilitating Russian LNG exports that finance Russia's invasion of Ukraine.
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Fluxys provides capacity for storage and transhipment of Russian liquefied gas Yamal LNG at its terminal in Zeebrugge
The majority share of Yamal LNG belongs to Novatek, which is directly involved in financing military aggression and war crimes
Fluxys and its shareholders profited by facilitating export of Russian LNG to Asian, South American and Middle Eastern markets in winter 2021-2022
Novatek is owned by Russian oligarchs Leonid Mikhelson and Gennady Timchenko who are part of Putin's inner circle
At least a third of Russian budget spending goes to war, with Fluxys services helping Russia replenish it by EUR 800 million in 2023
Fluxys receives EUR 50 million annually for LNG transshipment services under a contract signed in 2015
Only 7% of the transshipped Russian gas goes to EU markets
Novatek was included in US and Canadian sanctions lists in July 2014
US imposed sanctions against several Novatek subsidiary companies in 2016
US imposed sanctions against Arctic LNG 2 project on November 2, 2023
Belgian gas company Fluxys has been added to the list of 'international sponsors of war' for its involvement in the Russian liquefied natural gas (LNG) trade
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Extraction metadata
Extracted: 2026-05-30T04:21:26.704Z
Source story: 7431039