Nikolay Storonsky, co-founder and CEO of Revolut, has broken his silence about the war in Ukraine. The fintech boss said the startup should consider the well-being of its Russian staff before making any statements.
Revolut’s Russian CEO, Nikolay Storonsky, published a letter condemning the war in Ukraine. Billionaire entrepreneur Storonsky, born in Russia and whose father is Ukrainian, clarified for the first time his stance on the conflict. “I would like to express publicly how I have felt privately from day one: war is never the solution,” Storonsky said in an open letter published on March 1. Storonsky said he found the war “wrong and utterly disgusting” and that it should be stopped immediately.
Revolut’s other co-founder and Ukrainian CTO, Vlad Yatsenko, publicly condemned Russian President Vladimir Putin’s actions after he gave the order to invade Ukraine on February 24.
Revolut itself had taken action by helping customers donate to relief efforts in Ukraine through its app, while waiving fees for transfers to Ukraine.
Storonsky said in his letter that Revolut users had donated more than £1 million to the Ukrainian Red Cross appeal within 24 hours, and pledged that the initiative would cover every pound, euro, zloty or franc donated over the next 7 days.
Staff in Russia
Some of Revolut’s more than 2,150 staff are based in Russia and Ukraine, and Storonsky said in his letter that he should consider the well-being of those in Russia before making any statements about the war. told.
“They did nothing wrong; Just like their counterparts in Ukraine (or London, New York, Sydney or Mumbai or any place where people live), they have only helped build Revolut, supporting their own families with their hard work. I have paid attention to them in all my actions and remain so.”
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