Bild: German companies paid most taxes to Russia in EU

05.07.2023, 12:59
Bild: German companies paid most taxes to Russia in EU - Photo

Companies from Germany paid more taxes to the Russian budget last year than from any other European Union country, German newspaper Bild reports.

Before Russia’s full-scale invasion of Ukraine, there were 371 German companies operating in Russia, of which 262 still remain there.

In 2022, those companies paid USD 402 million to the Russian budget, which is the most among all European Union countries, exceeding the amount of tax deductions of any other countries except the United States.

After the start of a full-scale war in Ukraine, many German companies ceased their operations in Russia, including Siemens, Daimler and Wella.

However, others such as Metro, Bayer, BMW, Hochland, Robert Bosch, and Knauf Gips continue to do business in Russia and pay taxes to its budget.

Some of the remaining German companies took advantage of the withdrawal of competitors and managed to increase their turnover, Bild notes.

Procter & Gamble, OpenWay Group, Danieli, Leroy Merlin, Bonduelle, Auchan Holding and others have been included by Ukraine in the list of international war sponsors.

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