American firms in Russia paid the country $1.2 billion in profit taxes in 2023, according to figures from campaign group B4Ukraine and the Kyiv School of Economics (KSE) Institute shared exclusively with Newsweek. This tax contribution makes the U.S. the largest contributor of foreign profit taxes to Russia, something a former top U.S. diplomat called “shameful.”
It’s exactly how sanctions work.
Sanctions can be targeted, and nearly always are. They are very rarely universal.