U.S. companies have paid $1.2 billion in profit taxes to Russia amidst ongoing international criticism due to the conflict in Ukraine. Despite global calls for economic sanctions against Russia following its invasion of Ukraine, 328 U.S. firms, ranging from large corporations to smaller enterprises, have maintained operations there, contributing significantly to Russia's tax revenue. U.S. firms like Philip Morris, PepsiCo, and Citigroup have scaled operations but remain active, while some attempt to balance Russian tax payments with humanitarian donations to Ukraine. Critics argue that these actions implicitly support Russia's war efforts and undermine international sanctions. Meanwhile, the Russian government imposes exit taxes and asset discounts on companies choosing to leave, further complicating business decisions. Calls for stiffer financial penalties on companies continuing in Russia highlight the ethical and financial intricacies faced by U.S. businesses in the region.
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