Since Russia’s full-scale invasion of Ukraine, the National Agency on Corruption Prevention (NACP) has included 25 big companies in the list of international sponsors of war.
“NACP has already included 25 of the world’s leading companies in the list of international war sponsors since the large-scale invasion of Ukraine by the Russian terrorist state. Ranging from manufacturers of women’s cosmetics and food producers to banks and oil carriers, they were put on that list because they continue to do business in Russia, pay taxes there, and finance the murders of Ukrainians,” the agency press service reports.
The NACP explains that, in addition to taxes that fill Russia’s budget, which then finances the invasion army, such corporations are forced by Russian law to contribute to the recruitment of their personnel into the armed forces and to engage in mobilization efforts.
In addition, Russia-based offices of foreign companies are led by Russian top managers who, for the most part, publicly support the Kremlin’s war against Ukraine.
“Russia’s strategy of turning international business into war accomplices remains consistent. Mobilization, preferential loans to the military, then additional “military” taxes. The list will grow, further involving more brands in the war and limiting ways for pulling out,” agency emphasizes.
The NACP also recalls that some high-profile corporations are still unable to fully get rid of the consequences of their former cooperation with the Hitler regime, decades after World War 2 was over with the Nazis’ defeat.
“The goal of the NACP is to make it reputationally disadvantageous for such companies to cooperate with the aggressor, lead them to close their business in Russia and grasp the position of the entire civilized and democratic world,” the statement reads.
The NACP explains that all companies included in the list of international war sponsors are also filed with the international World-Check database of high-risk persons and entities and organizations, being used worldwide to identify and manage financial, regulatory and reputational risks. International investors and other companies widely monitor the database, the agency stresses.
Therefore, when NACP puts a company on the list, it is automatically displayed in the database in red color. Thus, anyone who looks into cooperating with such a company sees that it is highly risky both in terms of reputation and financially.
“Some acclaimed companies, after being included in the list of sponsors of war, have already stated that this directly affects their performance figures. We hope this will affect their position regarding their operations in the Russian Federation,” the NACP notes. (Ukrinform/Business World Magazine)