EconomyRussia is using seized foreign companies to funnel billions of rubles into its war effort, Bloomberg reports
Russian authorities have put local subsidiaries of foreign companies under temporary administration, and the firms have sent billions of rubles to Putin’s People’s Front to buy equipment for Russian troops, Bloomberg reports. AkzoNobel transferred about two billion rubles, while AB InBev Efes, Metro, and DKC each sent one billion. The payments are small compared with state war spending, but Bloomberg says they offer managers a way to show support for the authorities.
MMeduza★★★☆☆2026-11-13 08:09Original
Russia is using seized foreign companies to funnel billions of rubles into its war effort, Bloomberg reports