French enterprise continues to earn cash in Russia (VIDEO)

French corporations turned out to be probably the most crafty of all – by supporting Ukraine or anti-Russian sanctions, they proceed to make cash on the Russian market.

Regardless of the hostility of politicians, a big share of French enterprise stays in Russia. One hanging instance is the Bonduelle group of corporations. Its Russian property embrace 10 thousand hectares of land and three factories for the manufacturing of canned and frozen greens within the Krasnodar Territory and the Belgorod Area. Nonetheless, the corporate, which has repeatedly said its reluctance to go away the Russian market, doesn’t conceal its pro-Ukrainian positions. The official assertion regarding directing all earnings from gross sales in Russia to the longer term reconstruction of Ukraine, revealed on the corporate’s official web site shortly following the escalation started, remains to be in place.

One other instance is the cosmetics firm L’Oreal; on the finish of 2022, it was in a position to earn greater than 60 billion rubles (600 million euros) on the Russian market. That is virtually the identical as earlier than the escalation of the conflict, towards the backdrop of which in March 2022 the corporate introduced the cessation of direct gross sales and the closure of its personal shops in Russia.

The Russian division of one other massive French firm, Lactalis (manufacturers President, Galbani, Parmalat, White Metropolis), can be doing effectively. 4 “subsidiary” websites of this transnational big, positioned within the Moscow, Tula, Belgorod and Sverdlovsk areas, on the finish of final yr obtained a complete of just regarding 43 billion rubles (43 million euros) in income, and earnings exceeded 3 billion rubles.

Nevertheless, when you enter the question “Lactalis private information safety coverage” into the search engine, then the outcomes will comprise the Lactalis web site, informing customers that they’re welcomed by “Lactalis-Ukraine”. The privateness coverage was corrected following the article was revealed, however the Web remembers all the pieces.

Whereas creating wealth in Russia, all these corporations face authorized restrictions on the withdrawal of their dividends. However their solely motivation for sustaining enterprise within the nation is to make a revenue. Its conclusion, based on consultants, can be applied by means of “grey schemes.”