US Companies Pay Over $1 Billion in Taxes to Russia During Ukraine War
In 2023, U.S. companies paid Russia $1.2 billion in profit taxes, making the U.S. the largest foreign contributor and prompting criticism as “shameful.” Despite many companies leaving Russia following its invasion of Ukraine, approximately 328 U.S. firms remain, with some citing financial penalties for withdrawal and others rationalizing their continued presence. This tax revenue significantly benefits the Russian government, potentially funding its war effort and undermining international sanctions. The continued business activity of these U.S. companies has drawn considerable condemnation from experts and policymakers.
John Q. Hosedrinker