Seized Western Businesses Donate $86M to Russian War Effort
More than 20 foreign companies have lost control of Russian assets, while several firms sent billions of rubles to support military purchases, Reuters reported.
- Since January 2025, Russian authorities have placed the assets of more than 20 foreign companies under temporary administration, with subsidiaries now transferring billions of rubles to meet military needs, Bloomberg reported.
- Following management changes, these companies have sent funds to Putin's People's Front, which uses the money to buy drones, vehicles, and communications systems for Russian troops.
- Paint manufacturer AkzoNobel sent 2 billion rubles, while Poland's Can-Pack transferred 1.5 billion rubles; Brewing company InBev Efes, Metro, and DKC each transferred 1 billion rubles, and Rockwool provided 600 million rubles.
- Nearly all companies losing control of assets are European, including Auchan, Nestle, Japan Tobacco International, and the Lemana PRO chain; The Dutch company AkzoNobel noted its parent firm lost control, learning of Russian operations only through media reports.
- These payments are modest compared to the 17 trillion rubles in annual state war spending, Bloomberg reported, but they give company management a way to demonstrate support for the authorities.
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Russia Seized Western Companies—Now Their Assets Are Helping Fund Its War in Ukraine
Russian subsidiaries of Western companies placed under Kremlin-imposed “temporary management” have contributed approximately $84 million to Russia’s war against Ukraine, Bloomberg reported on November 13.
Seized Western Businesses Donate $86M to Russian War Effort
The seized Russian subsidiaries of Western companies have donated 7.1 billion rubles ($86.6 million) to support the war in Ukraine, according to corporate disclosures and financial data compiled by Bloomberg and independent media.
Foreign companies seized by Putin help finance Russian military machine - Bloomberg Units of foreign companies run by Russia spend billions of rubles on drones and equipment <p>for the army. Kremlin intensifies confiscation.</p>
Russian divisions of foreign companies placed under temporary management have transferred billions of rubles for the needs of the army, Bloomberg reports. The funds are mainly directed to the "Popular Front. Everything for Victory!" fund, which buys drones, vehicles, communication systems and other equipment for the Russian troops. The largest publicly stated donation is to the paint manufacturer AkzoNobel - about 2 billion rubles. Brewery compa…
Russia is using seized foreign companies to funnel billions of rubles into its war effort, Bloomberg reports
Russian authorities have placed Russian subsidiaries of foreign companies under temporary administration, and those companies are transferring billions of rubles to meet military needs, Bloomberg reported.
Russian oligarchs compete for Western companies they can acquire, then pay the military with drones and equipment.
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