TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

Biden Ends up Fueling $700M Extra into Russia’s Sanctioned War Machine

Ansh Pandey by Ansh Pandey
July 11, 2023
in Americas
Biden Ends up Fueling $700M Extra into Russia’s Sanctioned War Machine
Share on FacebookShare on X

This is a messy world and, there are often moments that leave us scratching our heads in disbelief. One such head-scratcher is the inadvertent boost that Western businesses have given to Russia’s formidable war machine. Yes, you heard that right. While Biden was tirelessly working out crafting new sanctions on Russia, appears his own friends are ditching him for rubles. 

Russia’s war machine is a formidable force, comprising ground forces, air forces, navy, missile systems, and strategic nuclear weapons. It is a modernized and well-equipped military that has played a significant role in the ongoing conflict in Ukraine. Tanks, fighter jets, submarines, and ballistic missiles are just some of the tools in Russia’s arsenal.

Also Read

Why a ‘Russian Defeat’ Worries China?

Denmark Says ‘Yes’ to Ukraine in the EU

Quad at Crossroads: Can it beat China at Its Own Game?

Source: The Economist

But maintaining and expanding this war machine requires a staggering amount of money. And guess who has inadvertently been bankrolling it?

 None other than Western businesses that once operated in Russia. Despite over a thousand companies curtailing their operations in response to Putin’s aggression, some have remained, providing a financial lifeline to Russia’s military endeavors.

The Billion-Dollar Boost 

According to a recent study conducted by B4Ukraine and the Kyiv School of Economics (KSE), American firms have emerged as the largest tax contributors to Russia. In 2022 alone, US companies paid a whopping $712 million in taxes to the Russian budget. Let that sink in for a moment. 

While governments impose sanctions and diplomats engage in high-stakes negotiations, Western companies are unknowingly filling Russia’s coffers.

Source: The Week

The study further reveals that 44% of US firms that were present in Russia at the start of Moscow’s military operation in Ukraine continue to operate there. This shocking revelation puts into question the effectiveness of international efforts to isolate Russia economically. If Western businesses are still finding a way to thrive in Russia, are the sanctions truly hitting their mark?

Read More: Russian court freezes Volkswagen assets: Germany’s Volkswagen loses big against Russia

EU’s Assistance

It’s not just American companies that are contributing to Russia’s war chest. German companies come in second place, having paid $402 million in taxes, followed by Swiss, Japanese, and British firms. 

The largest taxpayers in Russia are predominantly from the G7 and the EU, with 16 of the top 20 contributors hailing from these regions.

In 2022, foreign corporations, including those that had previously left Russia, raked in over $213.9 billion in revenue through their Russian operations, pocketing $14.1 billion in profits. This staggering influx of money has translated into a bolstered war machine for Russia, all thanks to unwitting contributors.

It is both surprising and disheartening to witness Western businesses inadvertently assisting Russia’s war efforts. While their bottom line may take precedence, the consequences of their actions extend far beyond profit margins. 

Read More: Did Russia turn into a $15 trillion economy overnight?

Beyond a shadow of a doubt, in the dramatic theater of geopolitics, the script has taken an unexpected turn. The unwitting actors, Western businesses, who were supposed to be on Biden’s side are actually standing with Russia.

The Biden administration’s strategy of imposing sanctions to curb Russia’s military ambitions has backfired spectacularly. Instead of dismantling the war machine, it inadvertently fueled an extra $700 million into its coffers themselves.

Watch More: 

 

Tags: BidenGermanyJapanNewsRussia EconomysanctionsUKUkraineUSAWest
ShareTweetSend
Ansh Pandey

Ansh Pandey

Associate Editor, tfiglobalnews.com

Also Read

Trump-Musk Rivalry (Picture Credit: AOL)

Elon Musk Says “America Party’ Will Give Americans Their Freedom Back

July 6, 2025
Where America Stands in a Changing World Order?

4th July 2025: Where America Stands in a Changing World Order?

July 4, 2025
Big Beautiful Bill (Picture Credit: CNBC)

The “Big Beautiful Bill” or Big Backlash?

July 4, 2025
Sean ‘Diddy’ Combs Acquitted of Sex Trafficking and Racketeering, Convicted on Prostitution Charges

Sean ‘Diddy’ Combs Acquitted of Sex Trafficking and Racketeering, Convicted on Prostitution Charges

July 3, 2025
What Mamdani’s Victory Signals for New York’s Future? (Picture Credit: Washington Times)

New York Sees Red: What Mamdani’s Victory Signals for New York’s Future?

July 3, 2025
Can Trump Arrest or Deport Zohran Mamdani? (Picture Credit: Metro,UK)

Can Trump Arrest or Deport Zohran Mamdani?

July 2, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.