Alona Lebedieva
KYIV, UKRAINE, Might 2, 2024 /EINPresswire.com/ — Over the previous two years of full-scale warfare, many overseas firms have withdrawn from Russia and ceased their enterprise operations there. Nonetheless, a big variety of those that remained proceed to conduct their business actions efficiently inside the territory of the Russian Federation, incomes income and paying taxes that contribute to supporting aggression in opposition to Ukraine.
“For instance, as reported by the Western press, the biggest European banks, which proceed to work within the aggressor nation, paid greater than 800 million euros in taxes to the Russian price range in 2023 alone. That is 4 occasions greater than earlier than the beginning of the full-scale invasion,” says Alona Lebedieva, the proprietor of the Ukrainian diversified industrial and funding group of firms “Aurum Group”.
The record of those monetary establishments is supplied by the Monetary Instances. These are the seven largest Western banks: Raiffeisen Financial institution Worldwide, UniCredit, ING, Commerzbank, Deutsche Financial institution, Intesa Sanpaolo, and OTP.
“On the similar time, the Czech Republic, Slovakia and Hungary proceed to buy Russian oil. Austria is simply now learning the choices for terminating the contract with the Russian Gazprom. As early as February 2023, they confirmed that 98% of pure fuel is bought from the Russian Federation. The US additionally purchased $1.2 billion price of enriched uranium from Russia in 2023, to not point out smaller however quite a few gross sales of Russian merchandise, comparable to within the fertilizer market, the place Western nations additionally purchase and promote merchandise from Russia or by third nations.”, Lebedieva is satisfied.
Sanctions are utilized selectively and pointwise. Future coverage packages ought to embrace tighter restrictions on those that work with Russia and proceed to finance its economic system. It’s also essential to not overlook about Western firms that work in third nations and preserve financial ties with Russia.
“In any case, it seems that Ukraine receives support drop by drop, and overseas companies carefully assist the Russian price range with their cash. This appears to be like like double requirements,” says Lebedeva.
Sanctions have to be absolutely efficient and environment friendly. It’s also essential to pay extra consideration to strategies that enable to avoid restrictions, apply secondary sanctions and monitor their compliance. Solely on this method can we undermine Russia’s capability to finance the warfare in Ukraine and sow chaos on the planet.
Alona Lebedieva
Aurum Group
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