DP World bets on Russia over Ukraine

A United Arab Emirates company is to help the Kremlin develop the Northern Sea Route, which will generate an additional $224bn for Russia. Because of this, in Ukraine, where DP World had previously invested, the company was listed among other international sponsors of the war.

The National Agency on Corruption Prevention of Ukraine (NACP) has added one of the world’s largest terminal operators DP World (Dubai Port World) to the list of international sponsors of war due to its co-operation with the Russian nuclear state corporation “Rosatom”. This was reported by the NACP press service.

The Agency elaborated: the reason behind this is not only the UAE company not seizing business affairs with the Russian Federation, but doubling down on co-operation with the aggressor-state. In particular, DP World last month signed an agreement with the russian nuclear state corporation “Rosatom” regarding the development of Northern Sea Route.

On June 15, 2023, in Saint-Petersburg, State Atomic Energy Corporation “Rosatom” and DP World signed a joint agreement on development of Euro-Asian transport logistics and cargo container shipping via Northern Sea Route (NSR). The signing ceremony was attended by Aleksey Likhachev, CEO of “Rosatom”, and the Chairman, Sultan Ahmed Bin Sulayem, Chief Executive Officer of DP World.

Upon striking a deal with “Rosatom”, the Russian Federation’s Prime Minister Mikhail Mishustin stated that Northern Sea Route development is a strategic project, which is intended to generated additional 20 trillion rubles (USD 224 billion) for the Russia’s state budget. This is clear evidence of the terrorist-state’s financial benefit from DP World alliance.

Since spring of 2022, it’s been responsible for holding hostage the largest nuclear powerplant in Europe, the Zaporizhzhia nuclear power station, and keeps the Russia’s nuclear missiles arsenal armed and ready to go. According to American publication The Washington Post, “Rosatom” even imports the components for the Russian tanks and aircraft, utilizing the absence of any sanctions against the company. “Rosatom” corporation itself is subjected to Ukrainian sanctions, with companies included in the corporation’s portfolio sanctioned by the United States.

DP World specializes in cargo shipping logistics, port terminals, maritime services and free trade zones. DP World handles abound 70 million shipping containers delivered by approximately 70 thousand vessels, and operates in over 69 countries on all continents.

“This additional money will be, among other things, used by Russia to finance war against Ukraine”, said NACP representative.

The strategic cooperation between companies will facilitate the transit of goods to Russia bypassing sanctions, given that “Rosatom” systemically provides services to the Russian military-industrial complex, importing banned components for Russian tanks and aircraft. Other kinds of illegal cargo and weapons may also be transported via the Northern Sea Route.

DP World has assets in Ukraine: in 2020, the company acquired 51% of the container terminal in the Pivdennyi Port, which provides sufficient information about the state of the maritime transportation industry in Ukraine as a result of russian aggression.

DP World also transships Ukrainian grain, including as part of the Grain Corridor. The owner and CEO of DP World, Sultan Ahmed Bin Sulayem, was a member of the National Investment Council under the President of Ukraine.-