Multinationals still funding the war in Ukraine: B4Ukraine calls for withdrawal from the Russian market
A report by the B4Ukraine coalition, in collaboration with the Kyiv School of Economics and Squeezing Putin, reveals that nearly three years after the war in Ukraine began, 1,600 multinationals are still operating in Russia. These companies generated $196.9 billion in revenue in 2023 and paid $21.6 billion in taxes, effectively contributing to financing the war. Since 2022, these businesses have paid $41.6 billion into the Russian budget—nearly one-third of the estimated military budget for 2025.Companies from G7 and European Union member states are among the largest tax contributors, despite their financial support for Ukraine. The consumer goods sector (Mars, Nestlé, Procter & Gamble) and the food industry (PepsiCo, Mondelez) dominate, generating $587.5 billion in revenue.The...
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