Western Firms Still Doing Business In Russia Made Over $213.9 Billion In Revenues, Finance The Wars

Western firms still doing business in Russia, such as PepsiCo and Unilever (Cornetto’s Parent Company). The citizens of the countries where they come from were hurt because they supported the war by paying taxes and sharing responsibility for higher energy prices.

Western firms still doing business in Russia to support war [Photo: Global News]

Are Western Firms Finance The War?

In Russia, every summer they can still enjoy a Cornetto because they are still operating in Russia after the invasion of Ukraine. While a  lot of companies stopped doing business in Russia since the war started, such as McDonald’s and Scottish confectionery maker Tunnock’s. Wester firms still doing business in Russia made US$213.9 billion in revenues in 2022. They paid US$3.5 billion in tax to Russia, according to the source.

According to a statement from PepsiCo they decided to stay in Russia for its business as a food and beverage company. They will continue offering daily essentials in Russia such as milk, baby formula, and baby food. Also, they don’t want to stop because they have thousands of Russian workers who worked for them.

Also, those firms that provide non-necessary items said they cannot stop operating in Russia because the Russian government will seize their assets and intellectual property. But if a business makes a choice to stop and leave Russia the ones who stay face lower competition and potentially make more profit. As of this year, the only price they paid for staying is a tarnished reputation in Western countries.

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