Western Giants Help Pay for Putin’s War: $20 Billion in 2024

Since the war began, international companies have handed over more than $60 billion in taxes to the Russian state. That amount represents roughly half of Russia’s entire military budget for 2025, underlining the scale of the indirect support.

Raiffeisen Bank International from Austria was the largest taxpayer in 2024, transferring around $402 million to the Kremlin.

The bank has faced growing criticism over its decision to remain in Russia while other financial institutions scaled back operations.

Other major contributors include Chery Automobile from China ($222 million), Philip Morris International from the U.S. ($220 million), Japan Tobacco International ($182 million), and French retailer Leroy Merlin ($128 million).

All remain active in Russia.

Western Giants Help Pay for Putin’s War: $20 Billion in 2024 Alone