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OVER COMPANY'S CASH LINKS TO PUTIN

July 06, 2025

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Sunday Mail

A GLASGOW-BASED shipping firm linked to Russia's fleet of "shadow tankers" could have contributed £127million to the Kremlin war machine, it is claimed.

- BY DAN VEVERS Chief Reporter

OVER COMPANY'S CASH LINKS TO PUTIN

is outrageous that a UK-registered company like Seapeak has played such a central role in financing Putin's war machine, helping generate over £127million in taxes for the Russian state last year alone.

Seapeak Maritime Ltd manages seven tankers which ferry liquefied natural gas (LNG) from Siberia to the rest of the world.

Pro-Ukraine campaigners have long urged UK ministers to shut the firm's activities which it's feared are bankrolling Russian president Vladimir Putin's brutal three-year assault on its neighbour.

Now, anti-Russian fossil fuels group Razom We Stand has issued a new report estimating the shipping company may have paid £127 million in corporate taxes to Russian federal and state governments last year for its LNG cargoes.

That would be enough to cover the cost of 2700 Iranian Shahed drones or 45 Iskander-M type missiles which Russia's war machine has repeatedly used to terrorise and massacre Ukrainian civilians.

Svitlana Romanko, executive director of Razom We Stand, said: "It

"That money is enough to pay for a couple of thousand drones or dozens of Iskander missiles weapons Russians use to kill civilians in Ukraine on a daily basis.

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