Since the beginning of the full-scale invasion of Russia, foreign companies have transferred over $60 billion in taxes to the Russian budget. In particular, in 2024, the amount of taxes paid reached at least $20 billion, which is equivalent to the salary fund for one million Russian soldiers.
This is reported by Business • Media
Tax Revenues from Foreign Corporations
After the war began, the international community has been pressuring companies around the world to cease operations in Russia and demonstrate a moral stance, creating additional economic pressure on the Russian Federation. However, many companies have still not left the Russian market and continue to pay significant taxes that go to the budget of the aggressor country. Since February 24, 2022, these tax revenues have already exceeded $60 billion, which accounts for approximately half of Russia’s military budget for 2025.
Leaders Among Taxpayers in Russia
Among the largest foreign taxpayers in Russia last year were:
- Raiffeisen Bank (Austria) – $402 million.
- Chery Automobile (China) – $222 million.
- Philip Morris International (International Tobacco Company) – $220 million.
- Japan Tobacco International (Japan) – $182 million.
- Leroy Merlin (France) – $128 million.
“Last year, foreign companies in Russia paid at least $20 billion in taxes, which would be enough to cover salaries for 1 million Russian soldiers.”
Significant tax contributions to the Russian military budget mean actual funding for the purchase of weapons and payments to servicemen, which negatively impacts the security situation in the region and undermines Ukraine’s defense capabilities.