Making a killing: The Western companies that gained the most by staying in Russia after the invasion of Ukraine

Foreign companies that left Russia after the start of its full-scale invasion of Ukraine are now cautiously discussing a possible return. However, some never left. More than 11,000 Western-owned companies continue to operate in Russia, contributing an estimated $5 billion in annual tax payments to the Kremlin, *The Insider* has tallied. The countries with the most companies still active in Russia are the United States and Germany. Yet none of these businesses — nor any of the other foreign firms that have profited from the war — are in a hurry to devote their earnings towards Ukraine’s ongoing self-defense.