• For full details of graphics available/in preparation, see Menu -> Planners
 Russland bedroht globale Marken infographic
Graphic zeigt globale Marken mit russischen Umsätzen, und Beschlagnahmung von ausländischen Unternehmen durch den Kreml.
GN44590DE

BUSINESS

Russland wird zur Gefahr für globale Marken

By Duncan Mil

July 20, 2023 - Globale Unternehmen erwirtschafteten 2022 knapp $214 Milliarden durch ihre lokalen russischen Töchter. Jetzt beschlagnahmt der Kreml diese ausländischen Aktiva und verkauft sie als Schnäppchen an Putin Loyalisten.

President Vladimir Putin’s order to seize Danone and Carlsberg’s Russian operations is the fourth expropriation since he signed “Decree 302” on April 25.

On Monday (July 18), Putin appointed Yakub Zakriev, Chechnya’s agriculture minister, as head of the Danone business and Taimuraz Bolloev, a longtime friend of the president, as director of Carlsberg’s Baltika subsidiary.

Last year, the two companies had Russian revenues of $3.0 billion and $1.6bn.

Within a day of signing Decree 302, Putin seized the Russian assets of Finland’s Fortum and Germany’s Uniper, which both operate power plants in Russia.

Data from B4Ukraine and Kyiv School of Economics (KSE) show Philip Morris earning the most revenue, $7.89bn last year, PepsiCo was fourth with $4.66bn, and Danone was ninth at $3bn. Mars ranked 11th with $2.65bn.

According to KSE, of 1,387 Western companies operating in Russia, only 17% -- 241 companies -- entirely left following the invasion.

Western companies earned $14.1bn in profit last year and paid $3.1bn in tax to the Kremlin’s coffers.

“These companies continue to pay taxes in Russia, indirectly financing the war and the severe breaches of international human rights and humanitarian law that we see in Ukraine today,” write B4Ukraine and KSE.

Sources
PUBLISHED: 20/07/2023; STORY: Graphic News; PICTURES: Getty Images, Twitter
Advertisement