Revolut Chief Nikolai Storonsky Renounces Russian Citizenship, Condeming Ukraine Invasion

AltFi | John Reynolds | Oct 31, 2022

Nikolai Storonsky, the billionaire head of the London-based financial technology firm Revolut, has renounced his Russian citizenship in response to Moscow's invasion of Ukraine, the country where his father was born.

• Nik Storonsky, the CEO and co-founder of Revolut, has renounced his Russian citizenship after his father was included in a sanctions list handed out by the Ukrainian government following Russia’s invasion of Ukraine.
• Storonsky, who was born in Ukraine but spent time in Russia growing up, previously held both British and Russian passports but renounced his Russian citizenship following Russia’s invasion of Ukraine, in news first reported by The Telegraph.

See:  Revolut executive resigns amid growing tensions with the FCA over banking license

• Storonsky’s father Nikolay Storonsky senior was sanctioned by the Ukrainian government for working as director-general of Gazprom Promgaz, the engineering and research arm of the Russian state energy firm.
• The move by the Revolut co-founder also comes as Revolut, which now has more than 20m customers, awaits a decision on its application for a UK banking licence, a licence it is keen to attain to help attain further funding and enhance its reputation in the market.
• Storonsky has previously voiced his disapproval of Russia’s invasion of Ukraine calling it “abhorrent” while offering Revolut employees in Ukraine and Russia relocation support as well as support for the people of Ukraine.

Nikolai Storonsky, CEO Revolut:

I would like to make clear, publicly, what I've felt privately from day one: War is never the answer.  This war is wrong and totally abhorrent. I am horrified and appalled at its impact, and I add my voice to those around the world calling for an immediate end to the fighting, and a commitment to diplomatic solutions. Not one more person should die in this needless conflict.

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