Revolut's Russian-born CEO speaks out on Ukraine invasion

Revolut chief executive Nik Storonsky has publicly condemned Russia's invasion of Ukraine.

In a blog post published on Wednesday, the Russian-born CEO said he wanted to make clear what he had felt privately since the beginning of the invasion, that "war is never the answer", describing the attacks on Ukraine as "wrong and totally abhorrent".

The chief exec also called for an immediate end to the fighting.

Last Thursday, Vlad Yatsenko, the app's Ukrainian chief technology officer and co-founder, criticised Russia's president in a tweet.

“I hope, people of Russia will finally realise what a monster and a liar their president Putin is!” he wrote.

The public statement sparked questions from users on the social media platform about Storonsky's silence on the matter.

But the chief executive - who has a Ukrainian father - said that last week he was still convinced a diplomatic solution would be reached.

“At that time - while still hoping that it would never actually come to war - my focus, just like my colleagues’, was on the safety and wellbeing of our people in Ukraine,” wrote the chief exec in a blog post.

At the week the British FinTech released a statement said that it was offering relocation support to all of its Ukraine-based employees if they wished to move.

“In choosing what to do or say publicly, however, I also had to first consider the wellbeing of our colleagues in Russia," added the chief exec. “They have done nothing wrong; they have simply helped build Revolut, supporting their own families through their hard work, just like their colleagues in Ukraine (or London or New York or Sydney or Mumbai, or anywhere else in the world where our people are based).

"I was, and remain, mindful of them in all of my actions.”

    Share Story:

Recent Stories


New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.