INSUBCONTINENT EXCLUSIVE:
One hundred of the biggest Western companies still operating in Russia posted net profits totaling 1.1 trillion rubles ($13.3 billion) in
2022, the exiled independent Russian news website Novaya Gazeta Europe reported Thursday.The results, based on the financial statements of
Russian-registered legal entities that are fully or partially foreign-owned, mark a 54% increase from 2021.Researchers from Ukraine estimate
that more than 1,300 Western companies continue operating in Russia, with more than 700 suspending operations and 241 fully exiting the
country.French energy group TotalEnergies, which maintains investments in Russia despite withdrawing from some assets, doubled its net
lenders in Russia, almost quadrupled its net profit to 141 billion rubles ($1.7 billion).The top 10 Russia earners include PepsiCo, British
Petroleum, Japan Tobacco, Mondelez International (former Kraft Foods), Mars, the packaging giant Mondi, Kia and the building materials
multinational Knauf.Western companies paid 288 billion rubles ($3.5 billion) in corporate income taxes last year, contributing 1% to
billion and 40 billion rubles each.
